Economics
China 7.2% Growth Would Meet 2014 Target, Minister Says
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China’s Finance Minister Lou Jiwei said growth as low as 7.2 percent would meet this year’s target of “about” 7.5 percent as he tried to moderate expectations for an economy at risk from swelling debt.
The key is employment, not the exact level of growth, Lou said at a press briefing in Beijing today as part of the annual meeting of the National People’s Congress, the legislature. Expansion of 7.2 percent or 7.3 percent would be consistent with the goal announced yesterday, he said.