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CHINA’S 2013 MACRO TARGETS IN LINE WITH EXPECTATIONS
March 5, 2013
BEIJING – China’s key economic targets for 2013 are GDP growth of 7.5%, average inflation of 3.5%, M2 growth of 13.0%, and a fiscal deficit of 2.0% of GDP. The targets are broadly in line with market expectations. Of special significance is that the growth target is unchanged from last year, while the inflation and M2 targets have been lowered (from 4.0% and 14.0%, respectively).