Economists confident on 8% growth target

Chinese economists have expressed optimism that the targeted 8 percent economic growth is achievable if the nation manages to rein in rising inventory levels, check manufacturing overcapacity and reduce its dependence on external demand.

"With stronger domestic demand, China is very likely to see its economy facing better conditions this year and the government's goal of 8 percent growth will be more than achievable," said Wang Yuanhong, senior economist and head of the Economic Forecasting Department of the State Information Center at a seminar organized by the All-China Journalists Association.

Wang, however, expressed concerns on whether the current economic recovery is sustainable.