China retained a 7.5% economic growth target for 2014, Bloomberg reported, citing a work report that Premier Li Keqiang will deliver to the annual meeting of the legislature on Wednesday. The GDP target signals limits on the Chinese leadership’s efforts to curb pollution and credit expansion, suggesting that the government will do whatever is necessary to prevent growth from slowing down. Maintaining a pace of expansion close to last year’s 7.7% would help sustain demand for oil and iron ore and support the global economy.
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