World Bank urges China to cut 2015 growth target to 7%
Focusing on meeting its ambitious 7.5% target into next year will detract from govt's reform plans, it says
Beijing
CHINA can cut its economic growth target to 7 per cent next year without hurting its labour market, the World Bank said on Wednesday even as it urged Beijing to get rid of rigid growth objectives.
At its thrice-yearly review of the Chinese economy, the World Bank warned China against carrying its "ambitious" 2014 economic growth target of 7.5 per cent into next year, saying that such a move would detract from the government's reform plans.
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