China maintains 7.5% economic growth target for 2014 Wednesday, March 05, 2014
Chinese Premier Li Keqiang has indicated a growth target of 7.5% for 2014 will be maintained
China will retain its hefty growth target of 7.5% for 2014 despite pressures to rein in the growth at all costs mantra of the past.
In the lead up to the annual meeting of the legislature today in Beijing, Premier Li Keqiang indicated that the government would do whatever it takes to prevent a slow down in growth.
While a bullish signal for markets - including Australia which feeds off of the ravenous demand for commodities from China, the growth target is likely to stall any deeper reforms and see an easing of credit conditions and increase in infrastructure investment.
Developing story...
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