Xi: Steady GDP of no lower than 6.5% is target

China won't give up its ambition of growing its economy at a medium-high level to achieve its goal of "moderate prosperity" by 2020, said President Xi Jinping.

The country will have to keep its economy growing at no lower than 6.5 percent year-on-year for the next five years, Xi was reported on Tuesday to have told a top-level decision-making meeting last week.

The meeting resulted in the proposal for China's 13th Five-Year Plan (2016-20), which will be submitted for review and approval by the National People's Congress in March.