Growth target 'can be met' despite lower projections

China's top economic planner said on Tuesday that the government is confident of reaching its annual growth target of about 7 percent.

The comment came as two institutions lowered forecasts for China's growth. On Tuesday, the Asian Development Bank lowered this year's growth projections for the country, saying that growth in the first eight months had slowed more than expected.

The bank trimmed its GDP growth forecast to 6.8 percent for this year and to 6.7 percent for 2016, compared with March estimates of 7.2 and 7 percent respectively.