China Reduces GDP Target to 7.5% as Wen Seeks Sustainable Growth: Economy

China pared the nation’s economic growth target to 7.5 percent from an 8 percent goal in place since 2005, a signal that leaders are determined to cut reliance on exports and capital spending in favor of consumption.

http://www.bloomberg.com/news/2012-03-04/china-targets-7-5-growth-this-year-as-european-debt-crisis-slows-exports.html