Economy

China sets economic goals for 2013

China's political leaders are meeting in Beijing for the National People's Congress.

Premier Wen Jiabao opened China's annual parliamentary meetings Tuesday by issuing a new set of targets for the world's second largest economy.

The target for gross domestic product growth will remain 7.5%, but the government said it will carry a larger deficit in 2013 to help finance spending plans.

China recorded its weakest growth in 13 years in 2012, but a rebound in the fourth quarter removed any lingering concern that its economy might be heading for a hard landing. GDP grew by 7.8% in 2012, beating the government's target of 7.5%.

Here are the government's stated goals for 2013: