China cuts growth target to 8-year low, to boost consumption

http://www.reuters.com/article/2012/03/05/us-china-economy-idUSTRE82400120120305

Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.