China cuts GDP growth to 7.5 pct in 2012

China sets its GDP growth target at 7.5 percent this year, down from the 8 percent goal in 2011, according to a government work report distributed to the media ahead of the parliament's annual session Monday.

China's economy expanded by 9.2 percent in 2011 from a year earlier after it grew 10.3 percent in 2010.