China cuts 2016 growth target to ‘6.5-7 percent’: Premier Li Keqiang

 China on Saturday cut its growth target for this year to a range of 6.5 to seven percent, as the world’s second-largest economy faces a litany of challenges from overcapacity to weak trade. The country is a key driver of global growth but expansion fell last year to 6.9 percent, its slowest in a quarter … Continue reading China cuts 2016 growth target to ‘6.5-7 percent’: Premier Li Keqiang