NPC: China sets growth target of 7.5% for 2014

[AlphaQuant]

Li KeQiang sets growth @ 7.5% - world is safe for another year...

interesting point was the doubling of cny trading band by Q2 - not surprising given the shakeup devaluation by PBOC last week

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http://www.bbc.com/news/business-26429663

[CityFarmer]

Li KeQiang sets growth @ 7.5% - world is safe for another year...

interesting point was the doubling of cny trading band by Q2 - not surprising given the shakeup devaluation by PBOC last week

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http://www.bbc.com/news/business-26429663

The pace of RMB internationalization may be accelerated under the new leadership. It is consistent with the long term trend, by reducing control on the yuan.