Stocks and Economy News 119

China Slices 2012 Growth Target to Eight-Year Low

Chinese Premier Wen Jiabao cut his nation's 2012 growth target to an eight-year low of 7.5 percent and made boosting consumer demand the year's first priority as Beijing looks to wean the economy off its reliance on external demand and foreign capital.
He lowered the target from a longstanding annual goal of 8 percent, a move investors anticipated so that Beijing has some economic leeway to rebalance the economy and defuse price pressures in the run up to a leadership change later this year.
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All American Investor

CNBC Bonus Bucks Answers for Tuesday, November 8, 2011

1. There has been mounting talk that the troubles in Greece will cause the Euro zone to break up. According JP Morgan Asset Management will this happen?

ANSWER: No

2. What US retailer said on Monday that it is scrapping plans for a chain of European superstores, and announced that it is buying out its British partner in a mobile phone initiative?

ANSWER: Best Buy

3. What luxurious holiday gift comes with a price tag of $5,000?

Answer: Johnnie Walker Private Scotch Tasting