China parliament backs growth target cut

15 March 2015 Last updated at 09:30 GMT

China's parliament, the National People's Congress, has endorsed plans to reduce the country's economic growth target by half a percent to 7%.

Chinese Premier Li Keqiang acknowledged it would not be easy and described it as "taking a knife to our own flesh".

Growth of 7% in 2015 will mark the country's weakest expansion in a quarter of a century.

Carrie Gracie reports on one of the most important days in China's political calendar.

15 March 2015 Last updated at 09:30 GMT

China's parliament, the National People's Congress, has endorsed plans to reduce the country's economic growth target by half a percent to 7%.

Chinese Premier Li Keqiang acknowledged it would not be easy and described it as "taking a knife to our own flesh".

Growth of 7% in 2015 will mark the country's weakest expansion in a quarter of a century.

Carrie Gracie reports on one of the most important days in China's political calendar.

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