Reform key as new age begins

Economy | Jiang Xueqing

The economy is in a transitional period from the old mode to the new normal, and its growth rate is expected to range from 6.8 percent to 7.2 percent in 2015, economists said.

Shen Minggao, head of China research at Citigroup Global Markets Asia Ltd, said that China entered a new economic cycle this year. He has forecast that GDP growth will fluctuate between 6 and 7 percent in the next seven years. For next year, he has targeted 6.9 percent expansion.