Opening the National People's Congress – the annual meeting of China's parliament – Wen says tackling the problems of “imbalanced, uncoordinated, and unsustainable development" is the government’s most urgent task.

Beijing cut the GDP growth target for 2012 to 7.5% – the first time it dropped below 8% in seven years – as China seeks to transform its economy away from low-value exports and towards more sustainable growth.

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