Adjusting the development pattern in a scientific way will help China overcome the rising labor cost and narrow the gap between the country and developed nations in high technology and innovative capacity, so as to provide continuous growth power and avoid stagnation of the economy.
The current global economic headwind is widely believed to continue, and the external demand for China is unlikely to improve. However, this can also be an opportunity for the country to concentrate on the improvement of economic growth quality and efficiency and the transformation of growth pattern through reform, innovation and industrial upgrade.
Residential building collapses in E China's Ningbo
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