Beijing: Stressing on high quality and efficient growth to improve the standard of life, Chinese Premier Wen Jiabao, in the annual conference on Monday, defended the government’s decision to set a lower GDP target for the next five years.

Wen, on the sidelines of the conference, said China aims at an annual growth rate of 7 per cent during the 12th Five-Year Plan, starting from 2011.

Given China's increasingly large economic aggregate, "a 7 per cent growth rate is not a low target," Wen said.

The Chinese Prime Minister addresses the media every year at the conclusion of the annual parliamentary session.

In the new five-year programme adopted by the top legislature, China has trimmed down its annual economic growth target from 7.5 per cent for the period 2005-2010 to 7 percent for the period of 2011-2015. This is despite the fact that it achieved over 11 per cent expansion during the past five years.

"A fast growth speed would bring more jobs and but lead to high inflationary pressure; A slower speed means less new jobs and risks economic recession," the Premier said.

He said China must strike a balance between speedy economic growth, job creation and inflation control.

"We should make full use of this opportunity to adjust the economic growth pattern and address the unbalanced, uncoordinated or unsustainable factors that have existed in China's economy for a long time," he said.