GDP growth targeted at 6.5 to 7% through 2020
Updated: 2015-11-02 07:14
By Chen Jia(chinadaily.com.cn)
Hence, the government is promoting innovation and accelerating restructuring reforms to help unlock new sources of growth and shift the driving force toward service and consumption,
According to the bureau, in the first three quarters, the service industry contributed 51.4 percent of the nation's economic output, up from 48.2 percent in 2014.
The manufacturing sector accounted for 40.6 percent of the GDP growth in the first three quarters, down from 47.1 percent last year.
The fifth plenary session of the 18th Central Committee of the Communist Party of China closed on Thursday with a brief statement that put economic growth back in focus.
The plenum reiterated the goal to double the GDP and per capita income by 2020 from the 2010 level, which requires an annual average growth rate of 6.5 percent over the next five years.