China Sets Ambitious Economic growth Target Of 5.5%

China set an ambitious economic growth target for the year. While the growth goal of about 5.5% for this year is the lowest in more than three decades, it's above the consensus forecast for expansion closer to 5% and the International Monetary Fund's projection of 4.8%. Premier Li Keqiang vowed at the opening of the National People's Congress, the Communist Party-controlled parliament, to take bold steps to protect the economy as risks mount. Stephen Engle reports on "Bloomberg Daybreak: Asia."

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