China is targeting economic growth of 7.5 per cent this year, a dovish goal that could force the government to stimulate the economy in the coming months as growth ebbs toward the lower end of the target.
The target, announced by Premier Li Keqiang at the start of China’s annual meeting of the National People’s Congress – the country’s faux parliament – is identical to that set in the past two years.
Many analysts and investors had predicted that Beijing might lower its target or set a broader range this year in a bid to push through reforms even at a short-term economic cost.
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