If you look at the underlying table [1], it looks like they will miss it again. Most importantly they keep forecasting China to grow at >6% in the short term. China is in a deep transition right now, 50% of their economy is in investment (building stuff mostly). This was fine in 2008-2011, but right now that has to stop, very quickly. They have run out of productive investments that make sense. Even if they grow at 0…
This used to be the definition and justification of recessions. Liquidate recent bad investments so we can start over on a stronger more stable base. At least in the old days.
Now we do coverups and bailouts to delay and increase the inevitable. That's not going to end well.