8-Nov-2010 11:57 AM

China's economic growth to slow to 7% over five years

China’s Development Research Centre of the State Council Deputy Director Liu Shijin stated China’s economic growth may slow down from 10% p/a to 7% over the next three to five years (Xinhua, 06-Nov-2010). Mr Liu added China will also face major challenges from rising costs and price hikes.