China softens GDP target to a range of between 6-6.5%

At the annual parliamentary event, Chian has set its growth target range for 2019 at 6%-6.5% 2019 which is giving some more leeway to the downside. 

• The Jobless rate was set at 5.5% and the CPI growth rate is at 3%.
• Will cut VAT 3% to top VAT bracket for 2019. 
• Sets budget deficit at 2.8% of GDP vs 2.6% in 2018.