China's National People's Congress: Headlines hitting the wires

FXStreet (Bali) - Following news that China has cut its 2015 GDP target to around 7% vs 7.5%, with the CPI also cut to around 3% vs 2014 3.5%, Reuters is carrying additional headlines.

Key headlines

Sees 2015 budget deficit at 2.3 pct GDP

2015 M2 growth target around 12 pct

Says aim to create over 10 million new jobs in 2015

Says will keep economic growth within reasonable range

Says will deepen reforms of state owned enterprises

Will push fiscal, price reforms

Will allow more domestic private banks to be set up

Says will push forward interest rate reforms

To boost domestic consumption

Says to stabilise housing consumption

Says to ensure unemployment rate does not exceed 4.5 pct in 2015: Xinhua

Says to set up deposit insurance system

To keep renminbi at appropriate and balanced level

To float yuan more freely

Says china to push forward yuan convertibility on capital account

Says to quicken cross-border yuan payment system

To launch Shenzhen-Kong Kong stock connect pilot at appropriate time

To increase international market share for chinese railways, electric power, communications, aircraft

Says to broaden use of forex reserve

China budgets 2015 national fiscal deficit of 1.62 trln yuan

China budgets 2015 national fiscal revenue up 7.3 pct

China budgets 2015 national fiscal spending up 10.6 pct

China fin min says to continue with active fiscal policy in 2015 and appropriately step it up