Difficult choices ahead as nation revamps economy

Structural reforms will support a sustainable growth model and lift the country into the ranks of developed nations, Gao Changxin reports from Shanghai

It's all about trade-offs in the world of economics. Ideally, China would maintain its high growth while pushing steadily ahead with structural reforms, revamping its growth model and eventually making the jump that Japan and Singapore made from developing to a developed countries.

In reality, its not that easy.