China has stated that it has set up 2016 growth target range of 6.5%-7% after a 2015 target of around 7% growth. The lower end of 6.5% shows the growth's minimum average rate required to meet in the next five years to achieve the target of doubling the GDP and per capita income by 2020 from 2010.

The growth target range of 6.5%-7% for 2016 is more than market expectations, as the consensus expects China's economy to expand 6.5% in 2016. Commerzbank expects China's GDP to grow 6.3% in 2016. The higher-than-consensus growth target suggests that China will aggressively ease fiscal and monetary policies in the coming year.