Cost of economic restructuring

China must adapt to the 'new normal' of slower growth and resist the temptation of a quick stimulus-driven GDP pick-up

As the Chinese economy weakens, a number of high-profile economists and investment gurus have rung alarm bells - and concerns have worsened following the World Bank's move to trim its China growth forecasts on Monday.

Such worries are well-grounded, but moderate growth slowdown is a must-pay price for China to continue its economic restructuring drive so that the economy can gain renewed growth momentum for the middle term, at least.