With China's economic growth slowing in 2016 to a 26-year low, the world is watching as the Chinese government prepares to announce this year's growth target in early March at the national two sessions.
Although the pace still beat most major economies, the country's year-on-year growth has slowed for six years in a row.
Huang Yiping, a member of the central bank monetary policy committee and an economist at Peking University, said that the government should set a more flexible target for economic growth in 2017 to make more room for reforms, proposing a target range of 6-7%.
The Asian Development Bank, however, forecast in December that China's growth would be 6.4% in 2017, while the World Bank was more optimistic, keeping its earlier prediction of China growth in 2017 at 6.5% in January, in line with the forecast made by government think tank Chinese Academy of Social Sciences.
Either way, China's growth would remain within a reasonable range and is unlikely to become a "black swan" event of the world economy in 2017.
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