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China plans to cut 2015 growth target to around 7%, say sources

Government is also looking at lowering its forecast for consumer price inflation to around 3 per cent

Consumer prices rose 2 per cent in 2014, coming in well below a target of 3.5 per cent as deflation fears intensified, while producer prices have been falling for almost three years.


CHINA plans to cut its growth target to around 7 per cent in 2015, its lowest goal in 11 years, sources said, as policymakers try to manage slowing growth, job creation and pursuing reforms intended to make the economy more driven by market forces.

The growth target, which