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China cuts growth target   
 
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08-Mar-2012  
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China expects economic growth of 7.5% this year as it looks for more sustainable expansion, prepares for a change in leadership and rides out a global slowdown.

Premier Wen Jiabao unveiled the target at the start of the annual National People's Congress.

Despite setting a target of 8% growth over the past eight years, China has regularly grown more quickly.

This has caused problems including high inflation and a widening wealth gap.
 
 
Source: BBC
 
 

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