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.
The
Chinese
premier
says
the
government
will
promote
strategic
emerging
industries,
but
emphasises
that
it
will
also
“put
an
end
to
blind
expansion
in
industries…