China Sets Growth Target of About 7 Percent for Coming Year

March 5, 2015 12:14 AM

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China has set an official economic growth target of about 7 percent for this year, according to a work report to be delivered Thursday by the country's premier.

The announcement by Li Keqiang is in line with government plans to guide the world's second-largest economy to lower, more sustainable growth. Last year's target was 7.5 percent, though actual growth came in at 7.4 percent, the lowest since 1990.

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