China says it will keep economic growth within 'reasonable' range in 2016

China's Politburo, a top decision-making body of the ruling Communist Party, has promised to keep the country's economic growth within a "reasonable"range in 2016, the official Xinhua news agency said on Monday. 

PHOTO: REUTERS

DEC 14, 20156:15 PM

[BEIJING] China's Politburo, a top decision-making body of the ruling Communist Party, has promised to keep the country's economic growth within a "reasonable"range in 2016, the official Xinhua news agency said on Monday.

The authorities will "appropriately expand domestic demand"while pushing structural reforms to improve productivity in the long term, Xinhua cited a meeting of the Politburo as saying.

More steps will be taken to help companies lower costs, tackle property inventories and prevent financial risks next year, Xinhua said.

REUTERS