China eyes economic growth of 7.5pc, says Wen Jiabao

China said it would boost fiscal spending this year in a bid to deliver economic growth of 7.5 per cent for the year, outgoing Premier Wen Jiabao said on Tuesday in remarks prepared for the opening of the country’s annual parliament meetings.

Wen said China targeted a 2013 fiscal deficit of 1.2 trillion yuan (US$192.8 billion), or around 2.0 per cent of gross domestic product, up from the 850 billion yuan deficit chalked up last year that was worth 1.6 per cent of gross domestic product.

via Business feed http://www.scmp.com/business/economy/article/1178852/china-eyes-economic-growth-75pc-says-wen-jiabao