Frictions haven't changed higher quality growth trend

Editor's Note: With China's economic growth slowing to 6 percent in the third quarter, some are predicting that if it falls below 6 percent, China will slip into a lasting recession. The 21st Century Business Herald comments:

That the Chinese economy faces downward pressure is undeniable, as the decelerating momentum of the growth indicates - down from 6.4 percent in the first quarter to 6.2 percent in the second, and 6 percent in the third, the lowest since 1993 when China started reporting its quarterly growth.

Yet it is too early to say that it has reached a turning point and is now in recession, as the fundamentals of the economy are still stable and some positive signs are appearing.