China Cuts Growth Target To 8-year Low, To Boost Consumption

BEIJING (Reuters) - Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.

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Topics:  asia   china   chinese premier   economy   global economy   premier   wen jiabao   
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