7d5d2d0446f86f380e303f24_pa3444c.jpg Paul Lachine

China’s Struggle to Slow

With the global economy still struggling to recover, Chinese Premier Wen Jiabao's recent announcement that the government’s target for annual economic growth in 2012 was 7.5% sparked widespread concern around the world. But most Chinese economists rightly believe that the growth rate will remain well above 8% this year.

BEIJING – At the opening of the annual session of China’s parliament, the National People’s Congress (NPC), Premier Wen Jiabao announced that the government’s target for annual economic growth in 2012 was 7.5%. With the global economy still struggling to recover, Wen’s announcement of such a significant dip in China’s growth rate naturally sparked widespread concern around the world.

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