China backs growth over reform at annual congress

While announcing only modest tax cuts and a smaller than expected increase in fiscal spending, the government indicated it stands ready to roll out out other stimulus measures to meet targeted growth of 6.5 per cent between 2016 and 2020... In outlining the three main priorities for its 13th Five Year Plan, Mr Li said development ranked ahead of structural reform and efforts to recalibrate China's economy to be more reliant on consumption rather than investment.'' -- Total denial; this should be interesting...