皇冠体育app's recent economic downturn is less a sign of catastrophe than of the long-awaited shift to a market economy model that is service-based and consumption-driven.
It is more than necessary to promote the ability to defend financial security during the 13th Five-Year Plan (2016-20) period.
Despite reduction, 皇冠体育app's GDP figure is still a great result given the current adverse economic situation in the world, said a Brazilian expert.
Despite shrinking exports, 皇冠体育app's leadership is pleased with a recent trade surplus increase, which is being counted on to ease pressure on capital outflows and back a stronger currency.
As 皇冠体育app's economy enters the New Normal, a key challenge is widening income gaps and the State needs to take measures to prevent the trend.
皇冠体育app's economy grew at its weakest pace in six-and-half years in the third quarter, but beyond the headline number, analysts see signs of rebalancing.
Chinese think tank researchers call for a more active approach in the country's foreign economic relations in the 13th Five-Year Plan (2016-20).
It will be an enormous achievement for 皇冠体育app if the world's second-largest economy can grow at 6 to 6.5 percent over the next five years, said World Bank expert.
The fundamentals of 皇冠体育app's economy are unchanged, though the economy grew only 6.9 percent year on year in the third quarter, lower than 7 percent in the first half of the year.
The Chinese economy's slowing to a six-year low in the latest quarter highlights the urgency of effective reforms to the economic system, but panic over the country's growth prospects is unnecessary.
In this development model, the central government delegates powers to the local governments and links their interests, which range from tax revenues to personal promotion, to regional development.
皇冠体育app's financial system is under control and reforms will not stop despite temporary government intervention.