For the first time, the cabinet did not set a target for growth in M2 broad money supply this year, but the National Development and Reform Commission, China’s economic planner, had said previously it would be roughly same at last year’s target of 8 per cent. Given China's economic fundamentals and capacity for job creation, GDP growth of around 6.5 per cent will enable China to achieve relatively full employment, according to the report delivered by Premier Li Keqiang at the first session of the 13th National People's Congress, China's top legislature. As expected, the report delivered by Premier Li Keqiang said reining in this risk would be a key policy for the coming year, promising to "see that internal risk controls are tightened in financial institutions" and a "serious crackdown on activities that violate the law like illegal fundraising and financial fraud". "It shows the government's determination to control leverage in the "

Heavy government infrastructure spending was a behind China's forecast-beating growth last year, but has been cracking down recently on some projects launched by local governments as it seeks to curb their spending and debt.
China's "two sessions" - the annual meetings of the national legislature and the top political advisory body - opens in Beijing; major announcements include an 8% rise in its military budget and a GDP growth target of around 6.5%.