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PREMIER WITH A MISSION

Q1 growth conforms to expectations

China’s top leadership said that the country’s economic growth in the first quarter of 2015 was in line with expectations.

Major tasks in 2015 for economic reform

Premier Li Keqiang focused on international cooperation on industrial capacity and simplifying business registration.

KEY INDICATORS

GDP registers 7 percent growth in first quarter

The Q1 economic data was expected and normal, as it was conducive to economic restructuring after the economy entered a “new normal”, NBS said.

China’s FDI jumps 11.3 percent in first quarter

Foreign direct investment on the Chinese mainland jumped 11.3 percent year on year in the first three months of 2015, the MOC announced on April 16.

GLOBAL PERSPECTIVE

IMF official says China’s growth slower but safer

China’s economy slowed to a safer and more sustainable range, marking the transition to its economic “new normal”, said a senior official of the IMF.

‘Sorry’ to those who say ‘China collapse’

Former Australian Prime Minister Kevin Rudd dismissed the skepticism and backed up China’s economic model in a report released on April 15, saying it is sustainable.

INSIGHT

Top economist says growth levels can be maintained

Justin Yifu Lin, former chief economist and senior vice-president of the World Bank, said growth of 7 percent is both achievable and necessary at Peking University.

China’s RRR cut positive for real economy

The Chinese central bank’s decision to cut banks’ reserve requirement ratio will be good for growth, reduce financing costs, and aid the real economy, analysts believe.

China’s economy steps into ‘new normal’

While the growth rate for the first quarter of 2015 was the slowest since 2009, a closer look at the data shows that China is on track for a “new normal” in economic development.

Economy to flourish after ‘between harvests’ period

The China Daily editorial on April 16 explained the farm idioms used in describing the economy and said helping the economy find a new driver is like growing a new crop.

Analysts: Slower growth, healthier economy

Analysts say China’s first quarter economic data, released on April 15, highlights areas of concern but should not fuel market pessimism.

WORLD MEDIA VIEW

AFP: Chinese authorities manage a makeover of the country’s growth model they hope will place consumer demand at center stage.

CNBC: Analysts say further stimulus measures are inevitable with economic growth remaining the top of Beijing’s priorities.