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China is satisfied with the current pace of economic growth

Chinese Prime Minister Li Keqiang, speaking on July 18 at one of the economic forums, called the economic growth at the level of 7,5% per year "acceptable", although in previous years the rate of increase in the PRC's GDP reached double-digit figures. The Prime Minister believes that as long as the pace of economic growth ensures the growth of wages and the creation of new jobs, they can be considered acceptable.

According to analysts, the words of the prime minister confirm the confidence of the Chinese authorities in the priority of structural reforms and the rejection of their previous orientation to record levels.

According to the chief economist of the Industrial Bank in Shanghai, Liu Renwei, the abandonment of the priority orientation on economic growth will help avoid the risks of structural imbalances during economic restructuring.

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