Senior official in charge of economic policy in the Chinese government plans fiscal and monetary policies. Zheng Qiaojie, head of the National Development and Reform Commission, said this year's economic growth target of around 5% is achievable.
He acknowledged that this could be achieved through a combination of fiscal and Monetary policies. However, regarding the future of the Chinese economy, Director Zheng also stated, ``We are facing many difficulties and challenges, such as the external environment becoming more severe,'' and recognized that there are risks to achieving our goals.