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China Cuts Growth Targets of 29 Provinces

A total of 29 provinces of the People's Republic of China (PRC) have revised their growth targets downwards.  On February 9 the provincial-level National People’s Congress (NPC) and Chinese People’s Political Consultative Conference (CPPCC) of Guangdong, Jilin and Hainan provinces announced that they have lowered their growth target for 2015. Similar announcements had been made by other 26 provinces in January.  Guangdong’s growth target has been adjusted to 7.5%, down from 8.5% last year; Hainan has set a target of 8%, compared to 10% last year; and Jilin is expected to grow 6.5%, down from 8% in 2014.