China cuts growth target for 2016

The Chinese Premier has announced revised growth targets for the year, admitting that growth won’t be as high as previously forecast. Yves Tiberghien, director of UBC’s Institute of Asian Research, told Global News that the 6.5 per cent is a little optimistic. However, the main news is mostly good, Tiberghien said, with a lot of infrastructure being planned to stimulate the economy.