China Will Meet 2012 Growth Targets, Says Premier Wen at Summer Davos Opening

• Despite downward pressure on its economy, China will meet its 2012 growth target, Premier Wen says.
• China will continue to aim to make its growth more stable and sustainable and to address income gaps.
• The World Economic Forum’s sixth Annual Meeting of the New Champions opens.
• For more information about the Annual Meeting of the New Champions 2012, please visit: http://www.weforum.org/newchampions

Tianjin, People’s Republic of China, 11 September 2012 – While China’s economy faces significant stress, it will meet its official growth target of 7.5% GDP growth in 2012, Premier Wen Jiabao said in an address to 2,000 business, government and civil society leaders at the opening plenary session of the World Economic Forum’s sixth Annual Meeting of the New Champions. “It is true that the Chinese economy is under notable downward pressure, but with our efforts to shift our economic model, better allocate resources and implement more reform and opening up, we have the ability to keep the economy in good shape.”

For the full release and supporting information, please visit:

http://www.weforum.org/NR_AMNC1207