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China’s Growth Target Flexible, Li Says

Chinese Premier Li Keqiang said there’s some flexibility around the nation’s target of 7.5 percent growth this year without specifying how much of a slowdown leaders would tolerate.

“Since we say the GDP growth target is about 7.5 percent, ‘about’ means it has a certain degree of flexibility,” Li said at a press briefing in Beijing today, adding that the government’s key concerns are jobs and livelihoods. “A bit higher or a bit lower, we have a level of tolerance here.”