China sets economic growth target at or above 6.5 percent in five-year plan

China is aiming for average economic growth at or above 6.5 percent for the next five years, the government said on Saturday, as the world's No. 2 economy seeks to balance deep structural reforms, gyrating financial markets and softening global trade. Unveiling a draft of its new five-year development plan at the annual meeting of parliament, Beijing said it would target economic growth between 6.5-7 percent in 2016. China's 13th five-year plan is a blueprint for economic and social development