Increased progress in structural reform
China’s increased progress in structural reform will enable Beijing to achieve its annual growth target in the coming years, a senior economist with the Asian Development Bank said. Zhuang Juzhong, deputy chief economist at the ADB, made the comments in an interview with Xinhua News Agency. He noted that China has made “very encouraging” progress in phasing out excess capacity. Phasing out excess industrial capacity properly was made a clear priority in the Government Work Report in March.