Chinese Premier Li Keqiang published an article in the Financial Times on Sept 9 under the title "China will stay the course on sustainable growth" to dispel fears that China's economic slowdown will lead to a sharp decline or a hard landing.
Though facing a slowdown, China's overall economy is getting on the right track, said Klaus Schwab, founder of the World Economic Forum.
That China's latest economic data sent global markets up speaks volumes about the world's urgent need for a stable source of growth.
Premier Li Keqiang will attend and deliver a speech at the opening ceremony of the World Economic Forum Annual Meeting of the New Champions 2013, also known as the Summer Davos Forum, on Sept 11 in Dalian in Northeast China. His speech will elaborate on China's development trends and ever-deepening reform and help boost the world's confidence in the Chinese economy. It will also show that China is taking a leading and responsible role in contributing to the healthy development of the global economy, which is facing new challenges.
China would open up new sectors for private investment and turn more focus on economic development in inner regions.
As China's growth has slowed down, many traditional experts, especially in the West, have seen this as a problem for the world.
Among those mongering gloom on China's economic outlook, some say that financial worries including shadow banking and local government debts are likely to bring down the world's second largest economy.
Among the dynamics reshaping Eurasia, the transformation of relations between China and Turkey does not get the attention it deserves.
Chinse manufacturers are challenged by intense global competition and the rise of key input costs, but the country still attracts global manufacturers.
What kind of urbanization is needed to make the country's economic growth sustainable and its social progress healthy?
The flurry of reform proposals unveiled by the policymakers in China during the past few weeks has no doubt caught the attention of all concerned.
The first priority to maintain stable growth must be to raise the incomes of low-income families, thus increasing their consumption.
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