World Bank urges China to cut 2015 growth target to 7%

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.