Which of the following statements is true according to what you hear?

Mr. Wen said government would aim for a growth rate of 7 percent this year, considerably slower than the 9.1 percent pace recorded for 2003. He said the government would reduce the issuance of state bonds intended to finance construction by about $3.6 billion, or 25 percent, and would also restrain lending and investment that has led to "redundant construction in some industries and regions."