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Growth targets likely out of reach as commerce ministry retracts estimates

China looks set to miss the economic targets laid out in its most recent five-year plan as policymakers work on the next, South China Morning Post reported, citing commerce ministry data. According to the ministry’s 12th five-year-plan, Beijing aims for total trade of US$4.8 trillion in 2015, or an average annual growth rate of 10% for the five years from 2011. After initially releasing a report published Saturday in which Commerce Minister Gao Hucheng forecast that trade would increase over 10% in 2015 and trade in goods would grow 3.5%, the ministry removed the report from its site and replaced it with a version without said figures.

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