China's economic growth slowdown during the current period of transition reflects the need for reforms so that the system may be more adapted to the new growth model.
China is expected to deliver growth of above 7 percent this year and next amid a shift of focus on quality of growth rather than quantity, NAB Group Chief Economist Alan Oster forecast on Tuesday.
A senior official at an international trade and investment organization is cautiously optimistic on China's economic growth.
The temporary fluctuations of China economy are no cause for panic as several upbeat signals were easily overlooked amid the gloom.
The Shanghai-Hong Kong Stock Connect, or the "Through Train Program" (TTP), likely to be launched in six months, is a significant step toward the opening up of China's capital account.
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