Economy needs some tweaking

The Chinese economy has an excellent record in at least one respect - its GDP growth rate is likely to touch 8.5 percent this year. This may not be as high as in previous years, but is still stunning given the severe state of the world economy currently.

The domestic economy is, however, not as perfect as it looks. It has a few inherent flaws.

The government's macroeconomic policy this year was aimed at "maintaining growth, restructuring, increasing employment and improving people's livelihood".