Premier Wen Jiabao’s address to the annual China’s National People’s Congress did not include any important policy changes. The reduction in the GDP growth target from 8% to 7.5% got a lot of attention in international news and was one factor contributing to the falls on stock markets earlier this week. However most economists have already lowered growth predictions for the coming years – to a level that is a couple of percentage points below last decades growth rates. Read more:SVD (in Swedish)
More interesting China related news and commentary can be found here: Increasing minimum wages in China (in Swedish), Foreign Affairs 90-year anniversary issue (commentary in Swedish), ZTE tops global patent application list (in Swedish).
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