China’s Growth Target Lowered, but Likely to be Exceeded

China’s Premier Wen Jiabao said over the weekend that the government’s annual growth target is +7% for the 2011-2015 period, down from +7.5% in the previous 5 years. Some discussions have been generated on whether the government will accelerate tightening measures to achieve this goal and how investments and commodity demands will be affected. Commodities pared gains in European sessions, probably reacting to the plan.

China’s Growth Target Lowered, but Likely to be Exceeded