China expects to meet 7.5% growth target

on 16/08/2012 08:59:22

China's premier says the country should be able to meet its economic targets this year, despite a slowdown in July growth.

Wen Jiabao said during a visit to eastern China that industrial activity was improving and employment stable.

He warned the economy was still unstable and said "economic hardships may continue for some time", however.

"We have the conditions and capabilities, and will be sure to fulfil this year's economic and social development targets," Mr Wen said.

The ruling Communist Party set a growth target of 7.5% for the year. Growth fell to 7.6% in the quarter ending in June. Private sector analysts expect full-year growth of about 8%.