International Business: China targets slower economic growth – Gulf Digital News International Business: China targets slower economic growth – Gulf Digital News BEIJING: China yesterday targeted slower economic growth of around 5.5 per cent this year as headwinds including an uncertain global recovery and a downturn in the country’s vast property sector cast a pall on the world’s second-largest economy. As economic conditions soften, the central bank has started cutting interest rates, local governments have expedited infrastructure spending and the finance ministry has pledged more tax cuts. There were few surprises in Premier Li Keqiang’s annual work report to the...