New Delhi: China's economic growth this year could be slightly higher than its forecast of 7.5 percent, the country's commerce minister, Chen Deming, said Wednesday.
China would rely more on local markets to power growth, he said during a speech at a BRICS trade ministers' conference, reiterating the country's aim to reduce its dependence on exports.
The BRICS group comprises Brazil, Russia, India, China and South Africa.
China's economy, often referred to as the main engine for global growth, is showing signs of fatigue. The country recently cut its economic growth forecast to 7.5 percent from 8.0 percent.
Bureau Report
First Published: Wednesday, March 28, 2012, 11:12