China's economy to grow 7.5pc
China's economy will grow by 7.5 percent in 2012, although the economic rebound still needs work, the country's economic planning agency said. China will likely achieve its economic growth target for this year, said national development and reform commission minister Zhang Ping. He said China's fiscal revenue in 2012 is expected to increase to $2 trillion, compared to 10.37 trillion yuan in 2011. The growth slowed to 7.4 percent in the third quarter, a decline for seventh consecutive quarter, sparking concerns that China may repeat the economic downturn seen in 2008, media reported Monday.