Chinese leaders promised on Thursday to enact "necessary fiscal spending" to catch this year's economic growth target of around 5 per cent, acknowledging new challenges and lifting expectations on further stimulus apart from measures already announced this week.

China commits "necessary spending" to achieve economic growth target

The target, detailed in a report to be presented to the Chinese parliament later in the day, is lower than last year's range of 6.5 to 7%

China lowers growth target to 'around 6.5%'

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China commits "necessary spending" to achieve economic growth target

China lowers growth target to 'around 6.5%'