Executives survey the prospects for China's future prosperity

The 13th Five-Year Plan (2016-20) is about to come into effect. As the nation waves goodbye to double-digit growth and tries to accommodate the new normal, overseas businesses also have to adjust to a slower China. To gauge business opinion, China Daily invited executives from several multinational companies operating in China to share their views on the outlook for the Chinese economy.

Q1

China has set a GDP growth target of 6.5 to 7 percent for this year. It's the first time that a range rather than a specific rate has been set as a target. What do you make of this change, and what is your understanding of such a flexible target?