1. Chinese President Xi Jinping said Tuesday that the country's annual growth rate should be no less than 6.5 percent in the next five years to realize the goal to double 2010 GDP and per capita income by 2020.
2. China will continue to support the inclusion of the RMB in the IMF Special Drawing Right basket and push ahead with capital account liberalization and the internationalization of RMB, according to a proposal unveiled Tuesday. The Communist Party of China (CPC) Central Committee's "Proposal on Formulating the Thirteenth Five-year Plan (2016-2020) on National Economic and Social Development," was adopted at the Fifth Session of the 18th CPC Central Committee, which ended Oct. 29. China will gradually make the Chinese yuan convertible on the capital account and further expand the investment quota for qualified foreign institutional investors, said the proposal.
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