Tuesday, 5 March 2013

NPC: China keeps growth target at 7.5%


Martin Patience reports on economic expectations at the National People's Congress in Bejing

China has left its economic growth target for the year unchanged at 7.5%, as it looks to expand at a steady pace and maintain social stability.

The country also set a lower inflation goal of 3.5%, aimed at keeping prices in check.

The forecast was outlined by Premier Wen Jiabao in his last appearance at China's annual parliamentary session.

The world's second-largest economy has seen expansion slide after a slowdown domestically and in key markets.

The National People's Congress will seal China's leadership handover, with the new president and premier to be formally named.

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