China Targets 7.5% Growth in 2012

China Targets 7.5% Growth in 2012 Play

March 5 (Bloomberg) -- China’s government will target economic growth of 7.5 percent this year, the lowest goal since 2004, suggesting leaders will tolerate slower expansion while they try to reduce the nation’s reliance on exports. Officials also set an inflation target of 4 percent, unchanged from last year’s goal, according to a state-of-the-nation speech that Premier Wen Jiabao will read to about 3,000 lawmakers at the annual meeting of the National People’s Congress in Beijing today. Susan Li and Margaret Conley report on Bloomberg Television's "First Up." (Source: Bloomberg)

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