China set a 2017 growth target of about 6.5 percent or higher if possible as focus shifts to easing risk and ensuring stability before a twice-a-decade leadership transition this year.
Top leaders working to underpin an economic expansion that proved resilient last year also are shifting to a more neutral policy to reduce financial risks from excessive borrowing.
The M2 money supply growth target was lowered to about 12 percent from 13 percent last year, while the fiscal budget deficit ratio goal will be 3 percent of gross domestic product, unchanged from 2016.
Economic and social stability are key priorities before President Xi Jinping and his cadres gather later this year for the reshuffle of top officials.
The objective outlined Sunday in the government work report by Premier Li Keqiang to the National People?s Congress gathering in Beijing compares with last year?s goal of expansion in a range of 6.5 percent to 7 percent.
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