China Sets Growth Goal

China Sets Growth Goal.

China has set its economic growth goal at 7.5% alongside plans to continue to keep the economy steady. Its inflation goal has been set at 3.5% to keep prices in line.

Despite China's years of improving growth rate, some key markets have seen its improvements ease dramatically. 2013 saw China’s growth rate reach 7.7% and even though this is still a good amount of growth, it was around the same in 2012.

China is the world’s second largest economy and has recently seen a slow in growth. China’s manufacturing data also saw a slowdown in activity.

Among China’s plans for helping economic growth, the government said they were planning on addressing the property market as well as increasing personal incomes.