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China can maintain 7% growth: Tung Chee Hwa

He cites growing consumption, urbanisation and new jobs in service sector

Old houses being demolished last year at Xintiandi area, one of the most expensive part of Shanghai. Mr Tung says increased urbanisation created ample space for China's economic development.


CHINA is treading a "new normal" of slower growth but maintaining that targeted 7 per cent GDP growth over the long term is attainable, said Tung Chee Hwa, vice-chairman of China's top political advisory body.

Growing consumption, a ramp-up in the services sector that is...

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