No extra stimulus needed for China to hit growth goal: deputy finance minister

No extra stimulus needed for China to hit growth goal: deputy finance minister

© Kim Kyung Hoon / Reuters

"I think the state should support the growth target with certain measures. For example with appropriate economic, fiscal and innovation policies. But there is no reason to take additional measures to raise the pace of growth," Yaobin said.

He added that although Chinese growth was not expected to be as strong as in previous years, it was still high compared to other countries.

Weighed down by a property downturn, factory overcapacity and local debt, China's economic growth is expected to slow to a quarter-century low of around 7 percent this year from 7.4 percent in 2014.

(Reporting by Madeline Chambers; Editing by Stephen Brown and Toby Chopra)

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