China lowers its GDP target to 7.5% from the 8% goal that's been in place since 2005. Speaking...

|By:, SA News Editor

China lowers its GDP target to 7.5% from the 8% goal that's been in place since 2005. Speaking at the annual meeting of the National People’s Congress, Premier Wen Jiabao adds the nation needs to shift to a more sustainable and efficient economic model, indicating China will cut its reliance on exports and capital spending in favor of increased consumption.