Borkers are busy at a manufacture base of Dongbei Special Steel Group Co., Ltd. in Dalian, northeast China’s Liaoning Province, Oct. 13, 2015. (Xinhua/Liu Debin) BEIJING, Oct. 26 (Xinhua) — For those obsessing over China’s annual growth target of around 7 percent, the 6.9-percent expansion during the third quarter was a disappointment. The rate, the lowest quarterly expansion in 6 years, has led some China pessimists to jump to the conclusion that the government missed the annual growth target, which, on a few fronts, is a misunderstanding of the intent when setting such goals. First, China’s “around 7 percent” growth target is an anticipated goal, not an obligatory one. By allowing the market to play a bigger role in resource allocation for the world’s second largest economy, China’s growth has been under the combined influence of several domestic and external factors, making economic operations extremely intricate. Rather than a […]