China has lowered its target for economic growth this year, blaming in a rare admission the slowdown on the impact of the trade war with the US.
China’s premier Li Keqiang said on Tuesday the country was aiming for economic growth in 2019 in a range of 6-6.5 per cent, down from a hard target of 6.5 per cent over the past two years.
The choice to set a range gives Beijing policy flexibility as it steers the economy out of years of debt-fuelled growth that has also buoyed the international economy.
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