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China cuts growth target to 8-year low, to boost consumption

By: Yossel in CHINA | Recommend this post (0)
Mon, 05 Mar 12 3:56 PM | 75 view(s)
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China cuts growth target to 8-year low, to boost consumption

BEIJING (Reuters) - Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.

Zhou Xin and Kevin Yao

BEIJING
Mon Mar 5, 2012 5:48am EST

link-
http://www.reuters.com/article/2012/03/05/us-china-economy-idUSTRE82400120120305?feedType=RSS&feedName=businessNews

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