World Bank urges China to cut economic growth target to 7 percent in 2015 ...
Credit: Reuters/Kim Kyung-Hoon
Workers labour at a construction site in Beijing October 10, 2013.
'Our policy message is the focus should be on reforms rather than meeting specific growth targets,' Karlis Smits, a senior economist at the World Bank office in Beijing, told reporters at a press briefing.
'A prevalent concern is that a policy focused on meeting an ambitious growth target, similar to one set for 2014, would require macroeconomic policies to remain oriented to support domestic demand rather than on reforms,' it said.
China wants to grow its economy - the world's second largest - by around 7.5 percent this year, though many analysts expect annual growth to hit 7.4 percent, the lowest in 24 years.
(Reporting by Jake Spring; Editing by Kim Coghill)
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