Can China continue medium-high growth?

With ample development room, solid growth foundations and abundant policy tools, China is believed to be able to continue to deliver above-6.5 percent GDP expansion in the next five years.

China is and will be a developing country for some time, yet its development gap with Western countries will gradually narrow, a process that will continuously create new demand and supply.

For instance, car ownership in China was 106 to every 1,000 people in 2014, compared with 800 in the United States, 620 inGermany and 340 in the Republic of Korea.

Lavish Chinese shoppers spend big on high-end products during overseas trips, indicating that domestic enterprises could earn big if meet such demand.

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by Xinhua News (see full article)