China's National People's Congress sets 2014 growth target of 7.5%

FXStreet (Bali) - In today's China's National People's Congress, the country announced a 2014 growth target of 7.5%, hardly a surprise as that was the headline expected by market analysts.

Meanwhile, the CPI target was set at 3.5%, also unchanged from last year. Further headlines included a cut in energy use per GDP by over 3.9%, while aiming to lift foreign trade by about 7.5% this year. On the yuan rate, China intends to keep it stable this year.