China Lowers GDP Growth Expectations
China has set the goal for its economic growth very low compared to what it has been in the past decade - only 7.5% improvement in gross domestic product. The central government of the People's Republic also stated it wants to drive consumer spending. For years this has been at the core of U.S. GDP expansion.
Among addition efforts, CNN Money reports:
Here are the government's stated goals for 2013:
Filed under: 24/7 Wall St. Wire, China, Economy, International Markets
