China has set its economic growth target for
the year at 7.5 percent, as it
looks to continue
its efforts to stabilise the economy.
The
country also set its inflation goal at
3.5 percent, aimed at keeping prices in check. After years of blistering
growth rates, China has seen its rate of expansion slide after a slowdown
domestically and in key markets.
In 2013, the country grew at a pace of 7.7 percent, about the same as in 2012.
Recent manufacturing data has also indicated a slowdown in activity in the world's second largest economy. The
latest targets were announced by Premier
Li Keqiang in his first appearance at China's annual parliamentary session,
the National People's Congress.
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