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China Sets Growth, Inflation Goals
China Premier Li Keqiang says the country is targeting economic growth and inflation limits of 7.5% and 3.5%, respectively, this year.
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China Premier Li Keqiang says the country is targeting economic growth and inflation limits of 7.5% and 3.5%, respectively, this year. Both goals were widely expected.
China's economy has been expanding at an annual rate of about 7.7% over the past two years. Analysts say the slightly lower growth target for 2014 reflects a conservative estimate, although many observers expect the country's growth rate to ease this year.
Li tells China's National People's Congress that the government will take unspecified steps to increase personal income and control the country's speculative property market.
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