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China reduces growth rate to 6.7%
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China reduces growth rate to 6.7%

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China has announced a trimmed of its 2017 GDP growth target to about 7 percent.”

Chinese Premier Li Keqiang said the economy is already growing at its slowest rate in more than a quarter of a century.

He added that the latest target unveiled at the opening of China’s rubber-stamp parliament is lower than a 6.5-7.0 percent range last year.

Full-year growth in 2016 was at 6.7 percent, the weakest since 1990.

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