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China sets sights on 8% rise in growth

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By Geoff Dyer in Beijing
Published: March 5 2009 02:09 | Last updated: March 5 2009 19:00

Chinese premier Wen Jiabao promised on Thursday to deliver 8 per cent economic growth and record government spending this year, although he failed to outline the new stimulus package many investors had been expecting.

In a two-hour speech outlining his “work report” to the National People’s Congress, China’s parliament, Mr Wen said the global financial crisis was deepening but the goal of 8 per cent growth remained realistic.

Read Full Article at FT.com