China faces a tough battle to keep its economy growing by at least 6.5 percent over the next five years while creating more jobs and restructuring inefficient industries, Premier Li Keqiang said as he opened China’s annual parliament on Saturday.
Growth of 6.5 percent would mark a ripping pace for most countries but would be the slowest in China in a quarter century as world’s No. 2 economy grapples with gyrating financial markets, softening global trade and efforts to reduce environmental degradation.
“Our country’s development faces more and greater difficulties … so we must be prepared for a tough battle,” Li said.
http://www.reuters.com/article/us-china-parliament-economy-targets-idUSKCN0W700O