Comment on China cuts growth target to 8-year low, to boost consumption

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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