China today set its GDP growth rate for 2018 at around 6.5 per cent, same as last year. The world's second-largest economy is aiming to reduce risks to its financial system from a rapid build-up in debt. The GDP target was announced by Premier Li Keqiang in his annual work report as the country started its parliament session. The report also said China would clamp down on the kind of financially risky operations which have threatened to cause the collapse of major companies. The Chinese economy, which is slowing down every year, grew by 6.9 per cent last year.