China has set its growth target for gross domestic product at 7.5 percent for 2012, Chinese premier Wen Jiabao said in his annual government work report on Monday. Wen said lower targeted growth was related to the 12th Five-Year Plan for stabilizing the economy to maintain the long-term growth of the economy, accelerating the transformation of China’s economic structure to boost domestic consumption and high technology development, and improving the quality of economic development.