Pursuit of sustained growth to continue

The world needs as well as expects China to maintain stable growth. And nothing will interrupt China's pursuit of sustained growth. During the just-concluded annual sessions of the country's top legislature and top political advisory body, Chinese leaders reassured the world that China is capable of maintaining a medium-high growth for a long time to come.

Ever since the global financial crisis caused chaos in the world economy, China has been the main source of global economic growth. It remained so last year, contributing 33.2 percent of the world's economic growth, and that trend seems set to continue.

The official figures for areas such as industrial production and private sector investment for January-February suggest sustained momentum in the Chinese economy. Increasing corporate profits, better than expected employment situation and booming foreign trade in the first two months of the year also indicate steady growth. Global factors that support the trend include rebounding longer-term interest rates, stabilizing commodity prices, the manufacturing sector's sustained recovery and improvement of emerging economies.