China sets GDP growth target of 7.5% for 2014

China has set its gross domestic product (GDP) growth target for 2014 at 7.5 percent, the same as for 2013, and will keep consumer inflation at 3.5 percent, Chinese Premier Li Keqiang said on Wednesday.

The comments come as the country began its annual meeting of parliament, the National People’s Congress.

The world’s second-largest economy grew 7.7 percent in 2013, steady from the previous year and fractionally above market expectations of 7.6 percent, which would have been the slowest since 1999.


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