China may set 2014 GDP target at 7% - China EI daily

FXstreet.com (Bali) - The latest economic projections for China, reported by the China Economic Information Daily - Chinese business journal - notes that the country may establish a lower GDP target of 7% for 2014. Traders should perceive this latest bit of news as AUD negative as the accepted GDP growth is still around 7.5%, so any figures talking down that number may only exacerbate the AUD negative momentum.