Anbound points out China should not blindly chase for economic growth
ANBOUND
After the first three quarters of China's economic growth has reached 6.9%, the high-level authorities of China has mentioned that economic scale of the country should reach 80 trillion this year, and within China there is the voice for the country's economic growth to reach beyond 7.0%.Yet, Anbound believes that the Chinese economy has to be stable and balanced, and should not pursue the growth beyond 7.0% growth rate. If China blindly raises the growth target, this will disrupt the established reform and adjustment process. China's current most important economic goal is to take advantage of the global economy and pay close attention to the completion of economic driving force conversion to prevent systemic financial risks.