China says priority is jobs, not growth target


Save Story
Leer en español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BEIJING (AP) — China's finance minister says the government's priority is creating jobs and economic growth below the official target of 7.5 percent might be considered acceptable.

Lou Jiwei said Thursday the economic target announced this week is "about 7.5 percent," which could mean growth might be lower than that.

He said the employment target of 10 million new urban jobs announced Wednesday by Premier Li Keqiang is more important. He said the economy might be able to create as many as 13 million new jobs.

Lou said "employment is our most important goal" at a news conference during the annual meeting of China's legislature.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

Business
The Associated Press

    STAY IN THE KNOW

    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the KSL.com Trending 5.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast