Financial Times FT.com

China to drop strict growth targets as market forces have greater play

By Richard McGregor in Beijing

Published: March 7 2006 02:00 | Last updated: March 7 2006 02:00

China is to abandon most numerical economic targets from its decades-old planning system as part of an effort to change the country's obsession with growth at the expense of social programmes and the environment.

The National Development and Reform Commission, the chief planning agency, said economic targets in the country's latest five-year plan, released yesterday, had been pared back to give "greater play to market forces".

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this