Bloomberg reports that:

  • China’s government may cut the country’s annual growth target to 7 percent next year, although the actual pace of expansion will be higher, according to Fan Jianping, chief economist at a state research institute.
  • said his forecast is based on his own research
  • The goal set in the current five-year plan yo 2015 is an annual average 7 percent, but within that there is variability, with a 2011 target of 8 percent in March that year and 7.5 percent goals in March 2012 and 2013.