Market forces key to continued expansion

Reforms rather than targets should be priority, says World Bank report

China's growth is expected to ease to slightly above 7 percent next year and the government should focus on reforms to rebalance the economy instead of trying to meet specific targets, the World Bank said on Wednesday.

The growth model in China is changing and its growth is increasingly becoming determined by market forces, said Karlis Smits, senior economist and lead author of the World Bank's China Economic Update released on Wednesday.