Li's economic balancing act

Chairing a recent meeting of scholars and heads of enterprises, Premier Li Keqiang stressed the need to strike a balance between the efforts to stabilize growth and the efforts to promote structural adjustments.

China's 7 percent growth in the first quarter, the lowest since the first quarter of 2009, has fueled complaints that the ongoing structural adjustments are being made at the cost of economic growth.

Facing complicated and precarious economic circumstances at home and abroad, China's efforts to transform its extensive and resources consuming development model demonstrates its determination to secure the foundation for sustainable economic growth. Only through optimizing its economic structure, raising the productivity of factories and realizing optimized distribution of resources can China activate the potential and incentives for sustainable economic growth in the future.