Benefits of a two-track mindset

Economy | Ed Zhang

The world is discussing China's economic growth along two lines. One is the immediate result, such as how much growth China should aim for in 2015. The other line is the long-term prospects, such as how much growth China can deliver in the next 20 years.

Examples of the short-term discussion include the World Bank review on China, released on Wednesday, saying the country can afford to lower its annual growth target to 7 percent in 2015, in contrast with 7.5 percent for 2014, without hurting its overall job market picture.