China maintains growth target at 7.5 percent; focus shifts to reforms

BEIJING (Reuters) - China announced on Wednesday it would maintain its economic growth target for 2014 at about 7.5 percent, as expected, signalling that its policy focus would be slanted in favour of reforms and rebalancing the economy.

Premier Li Keqiang, in a report to the National People's Congress at the start of its annual session, also said the government would maintain an inflation target of around 3.5 percent for 2014. Broad M2 money supply growth would be kept at 13 percent, also widely expected.