China faces difficulties in achieving stable economic development: state planner

U.S. Dollar and China Yuan notes are seen in this picture illustration June 2, 2017. REUTERS/Thomas White/Illustration

BEIJING (Reuters) – China is facing difficulties achieving stable and healthy economic development, the head of its state planning department said, adding that it needed to boost efforts to hit consumption and social development targets in the second half.

He Lifeng on Tuesday told the standing committee of the National People’s Congress that China needs to do more to achieve growth targets in consumption, outstanding social financing and disposable income, the National Development and Reform Commission said on its website on Wednesday.

Reporting by Beijing Monitoring Desk; Editing by Sam Holmes

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Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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