China has announced its 2015 GDP target of 7.00% after Chinese Premier Li Keqiang highlighted the expanding risks to the growth outlook. This comes on the heels of the latest interest rate cuts by the People’s Bank of China and growing concerns about liquidity conditions. The remarks from the Premier sent stocks tumbling with the Chinese offshore Renminbi trading substantially weaker after the comments. Annualized trade growth for the export nation is targeted at 6.00% but downward economic pressure both domestically and internationally may weigh heavily on these efforts. Cooling global economic conditions might harm these efforts which will be hampered further by rising nonperforming loans on Chinese bank balance sheets.