Upgrading Chinese economy
By Sun Lin | China Daily | Updated: 2013-08-13 07:27
Structural adjustments to realize sustainable development should go on while keeping growth within reasonable range
Having experienced rapid development for more than three decades, the most important task is economic structural adjustment, to realize both the quantity and the quality of sustainable growth.
In China, maintaining high-speed economic growth is not only an economic issue, it is also a social and political issue. In the first half of 2013, the number of university graduates increased to a record 6.99 million, while GDP growth declined to 7.6 percent, which is the lowest in the past three years. Maintaining stable economic growth is necessary as a continuing slowdown could lead to many problems in society.
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