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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

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...

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