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Nov 8, 2012 | 02:59 GMT

China: Hu Sets New Economic Growth Target

Chinese President Hu Jintao on Nov. 8 set a new target for economic growth, saying that the country should double its 2010 gross domestic product and per capita income for urban and rural residents alike by 2020, Xinhua reported. The goal is to make China's development much more balanced, coordinated and sustainable, Hu said. In China, the gaps between rich and poor, town and countryside and, in many cases, between coast and interior are starker than ever before and still growing.

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