Lower growth rate will not be a problem (2)

It does not matter much whether China's GDP is growing 10 percent, 8 percent, or 7 percent. The key question is what factor contributes the most to its GDP growth. If efficiency can contribute more to economic growth, even a lower growth rate will not be a problem. However, the transformation of the economic growth model remains slow.

China's economy will soon be improved as long as it can overcome various difficulties and obstacles seriously and resolutely.

What does China's changing mean to the world economy under the new mode of economic development?

Maybe China will become one of the world's largest consumer markets from a so-called world factory and major exporter that only provides finished products, and contribute to the stability and sustainable development of the world economy.

Running its own thing may also be China's contribution to the world.

By Wu Jinglian, a research fellow at the Development Research Center of the State Council

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