China President Xi confident about healthy economic growth

BEIJING Sat Nov 2, 2013 7:08am EDT

China's President Xi Jinping waves to delegates as he arrives for the opening ceremony of the 11th National Women's Congress at the Great Hall of the People in Beijing, October 28, 2013. REUTERS/Jason Lee

China's President Xi Jinping waves to delegates as he arrives for the opening ceremony of the 11th National Women's Congress at the Great Hall of the People in Beijing, October 28, 2013.

Credit: Reuters/Jason Lee

BEIJING (Reuters) - China President Xi Jinping is confident that China will have healthy economic growth and will not fall into a middle-income trap, he told a group of Chinese and foreign business leaders on Saturday.

"We are currently changing our way of development, adjusting our economic structure, accelerating our new style of industrialization, promoting technology, urbanization and agricultural modernization," state media quoted Xi as saying at the meeting in Beijing.

"The domestic elements supporting China's economic growth are sufficient."

China's maturing economy is set to grow at its slackest pace in 23 years this year, at 7.5 percent, as its export sales falter on fragile global demand.

His comments came as leaders prepare to meet from November 9 to November 12 at a plenum that will discuss deepening reforms.

(Reporting by Paul Carsten and Judy Hua; Editing by Robert Birsel)

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (1)
UauS wrote:
Ironically, I clicked on this article link after reading the following: “Nov. 2 – Thick fog and toxic smog envelop large areas of northern, central and eastern China, including the capital Beijing.”
So I guess it all depends on what one means by “healthy growth”…

Nov 02, 2013 2:34pm EDT  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.