China's growth target set at 7.5%

BEIJING. March 6. KAZINFORM A growth target of 7.5 percent and a greater focus on consumption and economic reforms were some of the goals set out by Premier Wen Jiabao in a keynote address on Tuesday.

An inflation target of 3.5 percent was set, below the 4 percent target of 2012, Wen said in his last Government Work Report to the National People's Congress.

The growth target is the same as last year's, when GDP increased by 7.8 percent from a year earlier, a 13-year low.

Economic growth in 2011 was 9.3 percent and 10.4 percent in 2010.

The consumer price index, a main gauge of inflation, rose by 2.6 percent year-on-year in 2012, compared with 5.4 percent in 2011, Xinhuanet reports.

Wen stressed the importance of boosting domestic demand as a long-term strategy vital to supporting development.

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