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Premier Li Keqiang has set China's GDP growth target at between 6.5 percent to 7 percent this year. For the first time, the growth target has been given as a range instead of as a specific number. And for the second year in a row, the Chinese government has lowered the overall growth target.

In his annual government work report at the NPC session, Premier Li Keqiang announced a flexible GDP target, calling it a reasonable growth range as China is gearing up its structural reforms.

"The main development targets for 2016 are as follows: GDP growth of 6.5% to 7%. CPI...

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