Moderated growth aids reform, advisers affirm

China will push high-quality economic growth this year and will have a greater tolerance for a slower growth rate, members of the country's top political advisory body said on Thursday.

Yang Weimin, deputy head of the Office of the Central Leading Group on Financial and Economic Affairs, said that slower growth is a natural process for a country that has experienced rapid economic expansion.

There is no need to panic about a slight rise or drop in the GDP growth rate, he said.