Chinese localities are redoubling their efforts to meet annual targets for economic growth in the final quarter of the year, calling on officials to accelerate investment, enhance consumption, and increase foreign trade as the window of opportunity begins to narrow.
The southern island province of Hainan, in a meeting of its standing committee on Sunday, emphasised the importance of doing “everything possible” to achieve this year’s economic and social development goals. The committee, the province’s highest political authority, urged government personnel to take a “no excuses” attitude and “make every second count,” according to a statement released after the session.
The committee also instructed officials to “stay sharply focused” on year-end targets, and “use extraordinary measures to spur economic growth and development.”
Hainan saw only 3.2 per cent GDP growth for the same period. The national benchmark, set at the country’s legislative sessions in March, is “around 5 per cent” growth for the year.