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China will absolutely not have a hard economic landing - state planner

By REUTERS

MARCH 6, 2016 05:33

Updated: MARCH 6, 2016 05:32

BEIJING - China is not headed for a hard economic landing, and it is not dragging on the global economy, the country's top economic planner said on Sunday.

"China will absolutely not experience a hard landing," Xu Shaoshi, head of the National Development and Reform Commission (NDRC), told reporters at a briefing in Beijing.

"You need to look at the situation objectively. These predictions of a hard landing are destined to come to nothing," he said.

China aims to keep its economy growing by at least 6.5 percent over the next five years while pushing hard to create more jobs and restructure inefficient state-owned enterprises, but some analysts believe real growth levels much already be much weaker than official data suggests.

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