China President Xi Jinping is confident that the world's second largest economy will see healthy growth and will not fall into a middle-income trap, he told a group of Chinese and foreign business leaders on Saturday.
"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.
His comments came as leaders prepare to meet from November 9 to November 12 at a plenum that will discuss deepening reforms.
Copyright @ Thomson Reuters 2013
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
