1st LD: CPC confirms medium-high economic growth target

China will target "medium-high economic growth" in the five years from 2016, according to a communique released on Thursday following a key meeting of the Communist Party of China (CPC).

Leaders decided at the four-day Fifth Plenary Session of the 18th CPC Central Committee that China will aim to double its 2010 GDP and per-capita income of both urban and rural residents by 2020 by ensuring more balanced, inclusive and sustainable development.

The country will also promote greater sophistication in its industrial sector and significantly raise the contribution of consumption to economic growth, according to the communique.

The urbanization ratio calculated based on the number of registered residents will also rise at a faster pace, it said. Endi