China has reduced its annual economic growth target to 7% as the bank will make fewer loans to encourage greater domestic consumption and higher quality growth. The government wants Chinese citizens to spend more within the country and improve how wealth is created, rather than rely so much on exports and infrastructure projects.

1. China reduces target growth to 7%

2. Bank cant make many loans

3. Trying to encourage domestic consumption

4. Involvedpeople in china

5. whyFor better quality growth