Provinces cut GDP growth targets to meet 'new normal'
By Zheng Yangpeng | China Daily | Updated: 2015-01-30 07:53
Provincial-level governments in China have lowered their annual economic growth targets amid the unprecedented slowdown in the national economy.
Shanghai, the nation's largest business center, with a per capita income of more than $10,000 a year, for the first time has even abandoned setting a GDP target.
Shanghai's GDP growth expanded by 7 percent last year.
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