China Aims at Medium-to-high Speed of Growth with Twin Engines

China Aims at Medium-to-high Speed of Growth with Twin Engines

The shrinking Chinese economy can still maintain medium-to-high speed of growth and achieve medium-to-high level of development, according to a government work report released Thursday.

It was the first time that an important official document features the double "medium-to-highs". To this point, the report, which will be delivered by Premier Li Keqiang to the parliament for examination, said China needs to rely on both the traditional and new engines for growth.

Source: Xinhua