BEIJING, Feb. 15 (Xinhua) -- A total of 31 Chinese local governments have unveiled gross domestic product (GDP) growth targets in 2019 and most of them lowered their economic growth rates amid economic downward pressure.
The 31 local governments include municipalities directly administered by the central government, autonomous regions and provinces. Among them, Tibet's GDP growth target of 2019 is around 10 percent, the same as last year and the highest in the country.
Most local governments have lowered their GDP target amid market instability and downward growth pressure. According to reports, Guangdong, Jiangsu and Shandong, the countries' top three largest regional economies, have cut their GDP growth moderately for this year. Guangdong, for example, cut it to 6 to 6.5 percent from 7 percent for last year while Jiangsu and Shandong trimmed it by 0.5 percentage point.
14 local governments including Beijing and Shanghai have set their targets in a flexible range.
Expert said that setting GDP growth target in a flexible range is a more scientific and resilient approach which will be beneficial to structural adjustment and deepening reform.
Two provinces have expected higher growth rates and raised their GDP growth. For example, Hubei set its target at 7.5 to 8 percent from 7 percent for 2018. The growth target of Hainan was set at 7 to 7.5 percent.
While lowering GDP targets, local governments are attaching more importance to high-quality development. According to work report of Guizhou province, it will fully promote high-quality development of economy, deepen big data integrated development and actively accelerate the layout and construction of 5G networks.
(Edited by Bao Nuomin, baonuomin@xinhua.org)
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