Slowing economic growth and shrinking energy consumption mean that meeting the government's ambitious goal for renewable energy consumption will remain a tough challenge as China's energy sector embarks on a restructuring program in the coming five years.
Positive sales momentum for China's property sector, a major pillar for economic growth, will continue in the last quarter of 2015, Moody's Investors Service said Thursday.
Given looming downward pressure and ongoing economic restructuring, a lower average annual growth target of 6.5 percent will be acceptable and attainable for the world's second largest economy in the next five years, according to analysts.
China's GDP growth in the third quarter should be viewed on a reasonable basis, as the economy is running on a stable track boosted by new growth drivers, an economist said.
The People's Bank of China (PBOC), the central bank, announced late Friday that both benchmark deposit rate and lending rates will be lowered by 25 basis points from Oct. 24.
The Communist Party of China (CPC) will convene the fifth plenary session of its 18th Central Committee to outline the 13th Five-Year Plan (2016-2020) for national development on Monday, with extraordinary achievements in the 12th plan period (2011-2015).
It is essential to be innovative when drawing up macroeconomic regulation and reform measures, as they are expected to promote economic growth and industrial upgrading, Premier Li Keqiang said Friday.