HONG KONG: China set a range for its economic growth target for the first time in two decades, saying the world’s second-largest economy would expand 6.5% to 7% this year, slower than last year’s goal of about 7%.
While downward pressure on the economy is “relatively big” in the first quarter, China can meet the goal, National Development and Reform Commission chairman Xu Shaoshi said at a briefing in Beijing.
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