Quality, sustainable growth the priority
World Bank official warns against over-reliance on economic solutions
A growth rate of above 7 percent should be high enough for an economy the size of China, but what matters most is that the quality of growth is maintained, a leading World Bank official said on Tuesday.
Reacting to China's gross domestic product growth slowing to 7.3 percent in the third quarter of the year from a year earlier, the World Bank's Managing Director Sri Mulyani Indrawati warned that over-reliance on the macro policy was "something that needs to be avoided, especially in the long run".
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