The official Xinhua News Agency today corrected a dispatch that quoted the finance minister as saying growth could be seven per cent this year, in an apparent attempt to defuse market worries on a more severe slowdown.
Xinhua's corrected story clarified that Minister Lou Jiwei, speaking in Washington, said: "There is no doubt that China can achieve this year's growth target of 7.5 per cent".
That amounted to repeating the official target set in March for the world's second largest economy when the new government took office.
Xinhua's original report quoted Lou as saying: "There is no doubt that China can achieve the growth target, though the seven-per cent goal should not be considered as the bottom line".
The corrected story was issued in English and dated on Thursday from Washington.
The finance ministry's press office was not available for comment. - Reuters, July 13, 2013.
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