China is expected to emphasize economic stability over growth rate in 2017, with the government expecting to clock a 6.5 percent rate, insiders familiar with the matter told Reuters. The authorities are also looking to contain the risk of real estate bubble and debt overload.

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Reuters reported that the growth rate target was agreed by top leaders at the Central Economic Work Conference in mid-December. An anonymous policy advisor said, "The target will be around 6.5 percent, which indicates that slightly slower growth is acceptable."

China is believed to have a clocked 6.7 percent growth in 2016, which amounts to the middle of the range targeted by the government. However, going forward, the country faces the precarious task of balancing its growth rate with the stability of the economy.

The domestic economy in China is facing several issues. Its real estate sector is overheated, leading to speculations regarding the creation of bubble. The country is also grappling with declining foreign trade as its exports and imports both fell during the previous year.

China injected government funds into the infrastructure sector to aid its fledgling economy. The initiative is likely to continue this year as well, albeit at a slower pace. The Central Bank of China also announced that it plans to follow "prudent and neutral" policy.

The main emphasis of the policy this year will be on controlling risk as China is expected to follow tighter monetary policy. Its trade relationship with the US is also likely to go through a challenging phase as the new President Donald Trump takes charge in Washington, DC.

Tagseconomic growth, Real Estate Bubble, donald trump