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Chinese Premier Li Keqiang will announce China's latest growth target March 5.   © Reuters
Economy

To get inside Beijing's head, look at the numbers

Fiscal deficit, regional debt show costs of growth

YUSHO CHO, Nikkei staff writer | China

SHANGHAI -- As China gears up for its annual legislative session, all eyes are on the economy: specifically, how fast the Communist leaders intend China to grow, and what they are willing to sacrifice for that goal.

The most hotly awaited event of the National People's Congress will come on March 5 -- opening day -- when Premier Li Keqiang will announce the government's economic growth target for 2017. Many expect a downgrade from 2016's goal of 6.5-7% to "around 6.5%," according to a major bank.

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