Guangzhou sets growth target of 10%

Guangzhou officials have set an economic growth target of 10 percent this year, amid challenging markets both at home and abroad.

The target is lower than last year's 10.5 percent growth in GDP, which was the lowest rate for 22 years.

Officials at the annual session of the local people's congress, which will end on Wednesday, said the slower target rate reflected a shift in local government priorities towards economic quality and improving livelihoods.