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A Stable 2012, a Promising 2013

(Beijing Review)

09:10, December 27, 2012

Workers appear close by the main tower of the Jiaxing-Shaoxing (Jiashao) Bridge on the Hangzhou Bay, east China's Zhejiang province, on February 22. As the second cross-sea bridge spanning the Hangzhou Bay, the Jiashao Bridge will halve the travel time between Shaoxing in Zhejiang and Shanghai to 1.5 hours. [Photo/Agencies]

After achieving a soft landing in 2012, China's economy must focus on steady and quality growth rather than a high growth rate

As the end of the year is drawing near, Li Xuesong breathed a sigh of relief, for China's economy had finally bottomed out and began to rebound after a slowdown spanning seven seasons.

It is still hard to say how long the rebound will last. At the conference analyzing and forecasting China's economy and the book launch for the Blue Book on China's Economy in 2013 held on Dec 5, Li, Deputy Director of the Institute of Quantitative and Technical Economics at the Chinese Academy of Social Sciences, suggested the foundation for economic recovery was still weak and uncertain. "It depends on international economic factors and domestic economic policies," said Li.

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