Financial Times FT.com

China to drop rigid ambitions for growth

By Richard McGregor in Beijing

Published: March 6 2006 12:01 | Last updated: March 7 2006 01:56

China is abandoning 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 on Monday, had been pared back to give “greater play to market forces”.

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