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growth targets, noting discrepancies between national and provincial figures and suggesting that the practice is outdated.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 is the significance of the National People's Congress sessions according to the text?

What range of economic growth was discussed for China?

How did the economists surveyed by Bloomberg view the target for M2 money supply?

What concerns were raised regarding the targets set for economic growth?

What was the general sentiment among analysts regarding the necessity of setting economic targets?