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
Thu, Oct 30, 2014 - 5:50 AM
The World Bank's message on employment will appeal to its audience in Beijing, where Communist Party leaders who are wary of social unrest have said having a healthy job market is a top policy priority.
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...