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.
13:09 JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead18
01:43 Trump's revised travel ban will target same seven countries: report18
16:12 Trump to propose 10 percent spike in defense spending, massive cuts to other agencies20
19:58 Oscars Primer: What You Need to Know Before Tonight's Ceremony22