China looking to moderate pace of growth

BEIJING, CHINA - MARCH 05: China's Premier Li Keqiang delivers the government work report during the opening ceremony of the National People's Congress (NPC) at the Great Hall of the People on March 5, 2014 in Beijing, China. China plans to raise defense budget by 12.2 percent to 808.2 billion yuan (about 132 billion U.S. dollars) in 2014, according to a draft budget report submitted to the national legislature for review on Wednesday. (Photo by Feng Li/Getty Images)
BEIJING, CHINA - MARCH 05: China's Premier Li Keqiang delivers the government work report during the opening ceremony of the National People's Congress (NPC) at the Great Hall of the People on March 5, 2014 in Beijing, China. China plans to raise defense budget by 12.2 percent to 808.2 billion yuan (about 132 billion U.S. dollars) in 2014, according to a draft budget report submitted to the national legislature for review on Wednesday. (Photo by Feng Li/Getty Images)

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    China looking to moderate pace of growth

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