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Grappling with economic slowdown and dwindling business sentiment, China has fixed a modest official growth target of around five per cent this year with a pledge to create 12 million jobs amid growing concerns over rising unemployment. The country expects to create over 12 million jobs in urban areas and keep the surveyed urban unemployment rate at around 5.5 per cent this year, Chinese Premier Li Qiang said in his work report presented to the opening session of the country’s rubber-stamp parliament, the National People’s Congress (NPC).