Govt braces for slowdown

Policies will continue to promote restructuring, investment, more reductions of excess capacity

Government officials and economists are preparing for a further slowdown of economic growth this year, as more challenges are expected to arise with the deepened restructuring reforms.

There are differing opinions on whether to cut the annual GDP growth target to 6.5 percent from around 7 percent, but they all agree that 2016 will be a more difficult year than 2015 for growth stabilization.