'New norm' set for the economy

Decision indicates that growth target for China next year could be lowered

China must adjust its economy to a new norm and keep economic growth within a reasonable range, a top ruling body said on Friday, indicating that the growth target for next year could be lowered.

Assessing the country's economic situation, the Communist Party of China Politburo said China has entered a new norm, with good resilience, huge potential and plenty of room for the government to move.