China has set this year's economic growth target at 6.5 to 7 percent. Chinese Premier Li Keqiang told lawmakers at their annual meeting in Beijing on Saturday that stable growth is needed to advance structural reform and to help guide market expectations. Mr. Li Keqiang admitted that the Chinese economy faces increasing downward pressure this year with slow world recovery and difficulties in China's structural adjustments. However, he expressed confidence in overcoming the challenges with a slate of policy tools.