Rednet (Changsha): GDP(Gross Regional Product) is an important indicator of regional economic strength. According to the report on the work of Hunan provincial government, the growth rate of GRP in 2016 is targeted at about 8.5%. Rednet interviewed an expert who explained why the annual growth rate is around 8.5%.

　　 "The essential goal of economic development is to improve people’s living standards. The growth rate should fully embody the speed of development under the New Normal situation by scientific judgment and pragmatic development of this phase of Hunan’s characteristics, "said an official expert. 　　

　　 He said that Hunan economic growth target mainly based on the following considerations.

　　 First, due to the growth rate of GDP from 6.5% to 7% from the deployment and requirements of Central Government of China, Hunan should has actual growth higher than that of national with 1%-2%.Proposed growth rate of 8.5% is capable of reflecting the trend of domestic development under the new normal economy, and of meeting the reasonable gaps between the current period and future development in Hunan, by avoiding big ups and downs. 　　

　　 Second, the rate coordinated with the objectives of Hunan Province’s "13th Five-year Plan". To achieve the doubled targets, doubling GDP is relatively easier than doubling the per capita incomes of urban and rural residents’. Therefore, the growth rate is appropriate to embrace the growing pressure each year, increasing economic output in the future, the target of firstly constructing moderate prosperous society in Central China and the growth in the four years after "13th Five-year Plan".

　　 Third, the growth rate matches to the high-speed growth rules. Under the new normal situation, speed of economic growth is always shifting, and it is reasonable one to a stable society and market expectations by the original 10% town to 8.5%.　　

　　 Fourth, it is consistent with the potential of Hunan’s economic growth . In 2015, the growth rate of Hunan’s GDP is 8.6%, and it is possible target to realize by the good and effective work since Hunan province has great potential in economic development. 
　　

Original link: 独家解读：湖南今年增长目标为何定在8.5%左右