China inches toward growth-pace balance

BEIJING - China is determined to put growth quality before pace, but that will not hold the economy back from growing faster than most of other countries in the coming decade, according to experts.

In a report delivered to the 19th National Congress of the Communist Party of China or CPC, the country's leadership called it "a new historic juncture in China's development", as the economy has been transitioning from a phase of rapid growth to a stage of high-quality development.

In the eyes of Chi Fulin, head of the China Institute for Reform and Development, that does not mean the growth rate will be mediocre.