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China's pursuit of a new growth target and high-quality development — as emphasized in the Government Work Report delivered on Sunday by Premier Li Keqiang — will benefit not only the Chinese people but also the global economy, experts said.| Khalid Taimur Akram, executive director of the Pakistan Research Center for a Community with Shared Future, said the Chinese leadership's "center of focus is people". He said the people-centric work report has highlighted the milestones that were achieved, recognized current challenges and presented plans for advancement. | For this year, the report puts China's GDP growth target at around 5 percent. The Pakistani analyst said the target is "attainable". | Oh Ei Sun, senior fellow at the Singapore Institute of International Affairs, said he believes the 5 percent target is "a realistic one", and noted that more interaction with Southeast Asian countries will help the region share China's growth. | "The trade in goods has been very vibrant. The focus should now be on the trade in services, and also the outward investment in regional countries," Oh said. | Masanari Koike, a former member of Japan's House of Representatives, said that China's GDP target is "aggressive" when compared with other large and developed economies. "But based on the fact that it is a little lower than the average of recent years, it seems not difficult to achieve," he said. | Koike also said that China's growth in the past decade had demonstrated the success of government strategies, such as promoting innovation, boosting productivity and creating new markets. | Anna Rosario Malindog-Uy, vice-president of external affairs for the Manila-based think tank Asian Century Philippines Strategic Studies, called the 5 percent target "conservative", saying that China's GDP growth this year will surpass that figure. | As an economic powerhouse, as well as the world's largest trading country and largest market, China's peaceful rise will benefit countries, especially those in the developing world, she said. | Speaking about China's focus on high-quality development, Koike said the country is seizing the time to reconsider ways of economic growth, which has depended on benefits from a huge population and low labor costs, thus moving toward a natural expansion of consumption and innovation. | | |
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