Economics
China 7.5% Target Seen in Reach as U.S. Demand Picks Up: Economy
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China will achieve the government’s 7.5 percent growth target this year as the world’s second-biggest economy stabilizes after a two-quarter slowdown, a Bloomberg News survey of economists indicates.
The poll of 52 analysts, conducted from Aug. 15 to Aug. 20, points to China maintaining that pace of expansion in 2014. The survey also suggested that the central bank will widen the yuan’s trading band before year end.