Lead economy on right track

Structural problems within industries, not adverse external factors, are responsible for China's economic slowdown

China's 7.8 percent economic growth in the first half of this year is enough to overshadow the rest of the world, but it has still raised concerns among some people - used to China's fast-paced growth - over the gloomy prospect of the world's second largest economy.

The 7.6 percent GDP growth in the second quarter is not only lower than the already decelerated first-quarterly 8.1 percent, but also the first time that China's GDP has fallen below 8 percent in nearly three years.