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China poised to keep growth target at 7.5%.

  • China is likely to set a GDP growth goal of 7.5% for 2014, the same as this year, sources at a commerce ministry think tank have told Reuters.
  • The government expects a recovery in exports to help drive the expansion, due to stronger demand from rebounding developed economies.
  • Chinese leaders endorsed the target at the annual Central Economic Work Conference earlier this month even though there had been talk about reducing the goal to 7% in order to create leeway for the implementation of deep structural reforms. There have even been those who have advocated doing away with the target altogether.
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