China's top decision makers said Monday they will keep economic growth in a "reasonable range" this year -- a term the leadership used to reflect their bottom line for tolerance of slower growth.
The government will continue proactive fiscal policy and prudent monetary policy to ensure the Chinese economy operates in a reasonable range, Chinese Communist Party's powerful Politburo said in a statement on the central government website.
Monday's statement didn't explain what the range is. Premier Li Keqiang said in a statement in November a reasonable range was decided based on a combination of measurements -- growth, inflation and employment.
Mr Li said the government's bottom line for economic growth was around 7.5 per cent and consumer inflation was 3.5 per cent. He also that an economic growth rate of between 7 per cent and 7.5 per cent was considered a medium-to-high growth rate.
The economy expanded 7.7 per cent on year in 2013 and its consumer price index rose 2.6 per cent.
China policymakers promise growth in 'reasonable range' in 2014.
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