China will set lower economic growth and monetary expansion targets this year as policy makers switch gears to curb excessive credit growth and reduce financial risks, according to economists surveyed by Bloomberg News. Premier Li Keqiang will set the 2017 gross domestic product growth goal at "about 6.5 percent," versus a range of 6.5 to 7 percent in 2016, according to the median of 20 responses in a Feb. 17-23 survey of analysts. The target for M2 money supply expansion will be 11.5 percent from 13 percent in 2016, according to the median of estimates. China’s annual gathering of the legislature known as the ... (full story)