New boosters for new normal

The changed emphases contained in the Government Work Report presented by Premier Li Keqiang to the ongoing session of the National People's Congress, China's top legislature, on Thursday, indicate that the economy still has the potential to be in good shape, says a People's Daily article.

Despite a lowered growth target, a series of measures this year, in the context of the new normal, mean the second-largest economy can gear itself to adapt to its new normal. And it is not just the central government, local governments too have felt the slowing pulse of the economy and are adjusting accordingly.

The change in policy emphasis for the "three major industries" and the "troika" of investment, exports and consumption, as well as the vow to maintain growth at a reasonable speed and bring manufacturing to the middle-and high-end levels, along with the multiple measures promised to help people start their own businesses, demonstrate the government's resolve to adjust the economic structure and upgrade the economic growth drivers. The efforts to increase jobs, improve people's livelihoods and boost public services, as Li promised in the report, will also bolster economic development.