China’s government expects to achieve annual economic growth of “at least 6.5 percent” through 2020, the top economic official said, in the first indication of a growth target since a high-level planning meeting last week. The ruling Communist Party is trying to steer the economy to more sustainable growth based on domestic consumption instead of trade and investment but needs to keep it from weakening too much. Growth last year fell to a two-decade low of 7.4 percent. “We propose to achieve the goal of creating a ‘moderately prosperous society’ by 2020, which requires annual economic growth of at least 6.5 percent over the next five years,” said Premier Li Keqiang in a speech Sunday in Seoul, according to a transcript released by the Cabinet. Following a meeting to approve a five-year development plan, party leaders pledged last week to double the size of the economy from […]