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Slowly and Gradually
Economic restructuring efforts will gradually take their toll on the growth speed. Traditional labor-intensive, resource-consuming industries, which have propped up high-speed growth, are suffering from rising labor and other production costs. But that's the transition China's economy should undergo to achieve sustainable growth
Slower But Healthier Growth
China maintains high GDP growth, low unemployment rate and low inflation against the backdrop of a fragile global economic recovery
Full Story
Monetary Policy Proving Effective
Monetary policy, as an important instrument of China's macroeconomic control, has faced many challenges in recent years. A more flexible exchange rate regime will help improve the effectiveness of the policy
Modest Prospect
Without a doubt, the Chinese economy has sailed safely through the global economic downturn, while the developed world struggles to restart its growth engine. China's economic momentum remained strong in the first half of this year, though the growth rate is heading south in the second quarter. So what risks lie ahead? How is the country's economic rebalancing progressing? Beijing Review interviewed three experts to get their insights on these issues. Edited excerpts follow:
Long Way to Go
Zheng Xinli, Vice Chairman of China Center for International Economic Exchanges
No Need to Panic
Zhuang Jian, senior economist at the Asian Development Bank, China Representative Office
Modest Prospect
Derek Scissors, a research fellow at The Heritage Foundation's Asian Studies Center
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