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 China is aiming to expand its economy by around 6.5 percent in 2017 as it continues to implement a proactive fiscal policy and maintain a prudent monetary policy, Premier Li Keqiang said on Sunday.Top leaders at the National People's Congress are tolerating slightly slower economic growth this year to give them more room to push through reforms to deal with a build-up of debt.A lending binge and increased government spending last year have fueled worries about high debt levels and an overheating housing market.

 is aiming to expand its economy by around 6.5 percent in 2017 as it continues to implement a proactive fiscal policy and maintain a prudent monetary policy, Premier Li Keqiang said on Sunday.Top leaders at the National People's Congress are tolerating slightly slower economic growth this year to give them more room to push through reforms to deal with a build-up in debt.A lending binge and increased government spending last year have fueled worries about high debt levels and an overheating housing market.

Gross domestic product officially grew 6.7 percent in 2016, the slowest in 26 years, but within the government's target range of 6.5 to 7 percent.

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