A Lantern Festival in Baohe District of Hefei, capital of east China's Anhui Province, March 2, 2018. (Photo: Xinhua)

Given China's economic fundamentals and capacity for job creation, GDP growth of around 6.5 percent will enable China to achieve relatively full employment, according to the report delivered by Premier Li Keqiang Monday morning at the first session of the 13th National People's Congress, China's top legislature.

China aims to maintain inflation level at around three percent and create over 11 million new urban jobs. The surveyed urban unemployment rate is projected to stay within 5.5 percent, the registered urban jobless rate within 4.5 percent, the report showed.

The above targets take into consideration the need to secure a decisive victory in building a moderately prosperous society in all respects, and are fitting given the fact that China's economy is transitioning from a phase of rapid growth to a stage of high-quality development, Li said.

The GDP growth target is the same as that of last year, but might deliver different growth as China makes it clear to prioritize growth quality over pace.

The projected growth rate reflects China's position of not over-emphasizing speed but stressing improvements in the quality and effect of development, according to another report from the country's top economic planner.

"We will strongly promote high-quality development," said Premier Li.

Chinese economy outperformed its annual growth target by expanding 6.9 percent last year, picking up for the first time in seven years.

The same GDP target set for this year should also be within reach without much difficulty, according to global China watchers.