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Healthier growth to reshape a changing China

(Xinhua)

08:13, November 13, 2012

BEIJING, Nov. 12 (Xinhua) -- To Chinese officials and entrepreneurs who have gotten used to high-speed growth in past years, the coming decade may be quite different, as they will have to readapt to a country that is growing at a slower pace.

When outlining the development objectives for the next eight years in his report to the 18th National Congress of the Communist Party of China (CPC), Chinese leader Hu Jintao said China's 2020 GDP and per capita income should double that of 2010.

To realize this goal, China has to maintain an average economic growth rate of around 7 percent annually, compared with the double-digit GDP growth seen since 1978, when it initiated the reform and opening up drive.

The readjusted GDP development goal is aimed at making China's development "much more balanced, coordinated and sustainable", Hu said.

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