DHAKA: China president Xi Jinping is confident that China will have healthy economic growth and will not fall into a middle-income trap.

He told a group of Chinese and foreign business leaders on Saturday, reports The Straits Times.

‘We are currently changing our way of development, adjusting our economic structure, accelerating our new style of industrialisation, promoting technology, urbanisation and agricultural modernisation,’ state media quoted Xi as saying at the meeting in Beijing.

‘The domestic elements supporting China’s economic growth are sufficient.’

China’s maturing economy is set to grow at its slackest pace in 23 years this year, at 7.5 per cent, as its export sales falter on fragile global demand.

BDST: 1944 HRS, NOV 02, 2013
RoR/JCK