Chinese premier cuts country's growth target

Li Keqiang warns ‘the difficulties we are to encounter in the year ahead may be even more formidable than those of last year’China’s premier Li Keqiang cut the nation’s growth target to “around” 7% on Thursday, reiterating the need to pursue reform as development slows and the likelihood of tougher times ahead for the world’s second largest economy.
Systemic, institutional and structural problems have become ‘tigers in the road’ holding up development. Continue reading...