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Wednesday, 5 March 2014

China Retains 7.5% Growth Target This Year as Challenges Mount

China set a 7.5 percent target for economic growth in 2014, a pace that may make it more difficult to achieve the leadership’s goals of curbing credit risks and stemming the pollution choking the nation’s biggest cities.


The growth target, which is the same as last year’s, will boost market confidence and protect jobs, Premier Li Keqiang told the annual meeting of the legislature in Beijing today. “We must keep economic development as the central task and maintain a proper economic growth rate,” Li said.


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Bloomberg News via CHINA US Focus http://ift.tt/1e1Z7eX

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