Modest growth seen good for development

China can be satisfied with its current economic growth rate and will continue to contribute a large amount to global GDP, according to a senior US researcher.

On March 5, while delivering the Government Work Report, Premier Li Keqiang confirmed that the country's growth target for this year would be slightly lower than last year, or about 6.5 percent.

Nicholas Hope, a China specialist at the Stanford Center for International Development, described this forecast as a "very satisfactory achievement for an economy now as large as China's, especially if that growth can be achieved without exacerbating structural problems of supply".