Regulator: China can meet economic growth target in 2021

A view of Beijing on Oct 28, 2020. [Photo/IC]

China can meet its economic growth target in 2021 despite mounting uncertainties, according to the country's top economic regulator.

"Judging from the situation in January and February, the Chinese economy is on an upward trend since the fourth quarter, staying on track for steady progress," He Lifeng, head of the National Development and Reform Commission, said on the sidelines of the ongoing two sessions on Friday.

He cited the annual government work report delivered by Chinese Premier Li Keqiang, saying that China has the capabilities, confidence and determination to meet the government's over 6 percent growth target this year.

"Despite facing a complicated situation both at home and abroad, Chinese businesses are highly adaptable to economic changes, and China's economy enjoys strong resilience," He added.

In the next step, the NDRC will put its focus on five areas, including spurring domestic consumption, boosting innovation, deepening reforms and opening-up.

Looking ahead, more efforts will be made to remove barriers that hinder the building of a unified domestic market, increase incomes of both rural and urban residents, offering more high-quality products and strengthening industrial and supply chains, according to He.