China sets 2018 GDP growth target at 6.5% - Bloomberg

The news is crossing the wires via Bloomberg that China, the world's second largest economy, will target a GDP (gros domestic product) growth rate of about 6.5 percent in 2018. 

Key points

• Targets lower 2018 budget deficit at 2.6 percent of GDP. 
• Set 2018 CPI target at about 3 percent increase. 
• Targets surveyed jobless rate within 5.5 percent.