China May Lower Its 2017 Growth Target

The transcript discusses China's economic growth expectations, focusing on the National People's Congress and its role in setting growth targets. It highlights the shift from a single growth number to a range and the implications of this change. The discussion includes a survey of economists predicting a potential target of 6.5% growth due to credit expansion issues. The transcript also critiques the practice of setting growth targets, noting discrepancies between national and provincial figures and suggesting that the practice is outdated. Analysts recommend scrapping the targets due to the economy's size and potential for excessive leverage.

What was the range set for China's economic growth target?

• 6.5% to 7%

• 6% to 6.5%

• 5% to 6%

• 7% to 7.5%

What role do the National People's Congress and the CPPCC play in China's economic planning?

• They provide guidelines for provincial growth targets.

• They set international trade policies.

• They manage China's foreign relations.

• They oversee China's education system.

Why might China's growth target be reduced to 6.5%?

• To increase foreign investments.

• Because of excessive credit expansion.

• To improve environmental conditions.

• Due to a decrease in population.

What is the broadest measure of money supply in China's economy?

• M2

• M4

• M3

• M1

Why do some analysts suggest China should abandon setting growth targets?

• Because they want to focus on military growth.

• To align with international standards.

• Due to the complexity and size of the economy.

• Because the targets are too easy to achieve.