China on Saturday lowered its GDP target to 6.5-7 per cent this year with Premier le Keqiang warning that the world’s second-largest economy will face tougher problems in future and must be prepared to fight a ‘difficult battle’. China’s woes over a slowing economy were reflected in its growth prospects as it lowered the GDP target, acknowledging that downward pressures may affect employment scenario and personal incomes.
The economy, which grew 6.9 per cent last year, however remained within ‘an appropriate range,’ Premier li Keqiang said in his work report.