I have a question to this wise and knowledgable forum - it's something I discussed with a friend, and I'm very interested to see how the folks here see it -

Reuters and others recently published that China's planning on a 5% GDP target over the next 5 years - despite the previous rumors on potentially dropping such targets.

My question is - do you think setting a target by definition mean that China's bad debt will keep rising sharply, we will see more ghost towns, non-economical subsidies etc... Or - is it more a matter of HOW they will plan to achieve such growth, i.e. increasing consumption, raising productivity, investing in strategic sectors like Semiconductor etc..

Would love to hear your thoughts.