China Targets 7.5% Growth in 2012 as Export Growth Slows

China Targets 7.5% Growth in 2012 as Export Growth Slows

Nelson Ching/Bloomberg

Customers browse Adidas AG products at a company store in Beijing. By cutting the 8 percent goal maintained from 2005 to 2011, Wen, 69, is signaling the ruling Communist Party is determined to shift the makeup of growth toward consumption and away from exports and investment.