Leading economist Lin Yifu says China has the potential to sustain economic growth of 8 percent if it upgrades its economy. Many economists joined a press conference on China’s new economic policy called ‘new normal’ at the Great Hall of the People, Friday.
CCTV’s Zhang Nini has more.

Highlights:

• China’s new GDP growth target is 7 percent for 2015, the slowest in two and a half decades.
• Upgrading manufacturing industry is a key part of the government’s plan for reform.
• An industrial upgrade means addressing deep and structural problems.