China's economic growth is likely to come in at 7.6 percent this year, according to a cabinet report cited by the official Xinhua news agency, just above the government's target of 7.5 percent and slightly below last year's 7.7 percent. Xu Shaoshi, head of China's top economic planning body, told lawmakers in a briefing on the report uncertainties remain in the global economic recovery, and the international market has failed to produce strong demand, Xinhua said late on Wednesday. "We cannot deny a downward pressure on economic growth," Xinhua quoted Xu as saying.
via Business News - Yahoo Finance http://finance.yahoo.com/news/china-cabinet-report-sees-2013-013602781.html
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