Economists discuss China’s ‘new normal’ policy

NPC-CPPCC

Economists discuss China's "New Normal" policy

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.

Economists discuss China’s ‘new normal’ policy

Economists discuss China’s ‘new normal’ policy

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

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.