China keeps growth target at 7.5 percent
March 6 , 2013
China has kept its economic growth target for the year at 7.5 percent.
While the growth rate remains unchanged, the country set a lower inflation goal of 3.5 percent.
The forecast was highlighted by Premier Wen Jiabao in his last appearance at China's annual parliamentary session on Tuesday.
Following years of unprecedented growth, China has seen its economic expansion depreciate.
In 2012, the country grew at a rate of 7.8 percent, its weakest performance in 13 years.
Wen also spoke on transforming China's economy to one that is less reliant on exports.
China is dependent on key markets such as the U.S. and Europe. Weakness in those economies has subsequently led to a drop in demand.
Know about the population, government and languages in China through China Fast Facts