27 Feb '11, 3am

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China targets 7% growth, cap on inflation: Wen 11:59 AM BEIJING - PREMIER Wen Jiabao on Sunday said China had set a lower than usual economic growth target and pledged to contain soaring prices as concern over runaway growth mounts. Mr Wen made the comments in a chat with Internet users as authorities braced for possible rallies in major cities after an online appeal aimed at pressing for government openness. China plans sweeping economic change 9:06 AM BEIJING - CHINA'S leadership is promising to steer the economy in a new direction in its blueprint for the next five years that would empower consumers and narrow a yawning wealth gap but require politically contentious reforms. The latest Five-Year Plan - a throwback to central planning but a useful roadmap of party goals - calls for creating self-sustaining growth based on domestic consumption and reducing China's relianc...

Full article: http://www.straitstimes.com/Breaking+News/Money/Money_201...

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