(MENAFN) China's economy has huge prospective and new growth engines are taking shape thanks to reform and pro-growth measures, which was basically driven by the downward pressure both in China and abroad.
China has a labor force of 900 million and over 7 million college graduates every year, with a growing number becoming entrepreneurs and joining innovation industries, which boost positive projections for the near future.
Meanwhile, the country's economy is slowing down to what is officially called the "new normal", and it has a firm determination to keep rolling out a number of bold reform measures and pro-growth policies.
"The service sector already accounts for half of China's GDP, and consumption contributes 60 percent to growth. Consumer demand for information, cultural and health products, and tourism are booming," said the prime minister.
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