BEIJING, March 7 -- Much ink has been spilled over China's expected growth rate for 2015. At 7 percent, it is not only aligned with China's own goal, but also responsible for the globe.

The target was a historic low after the economy registered 7.4-percent growth last year, a 24-year low.

In the words of the government work report, the growth rate around 7 percent is being referred to as a medium-high level of growth, one major trait of the economic new normal that has been much talked about within China.

Such a growth rate will ensure ample employment, a key to maintain stability of the country, as China's service sector becomes larger, the number of small and micro businesses grows, and the economy increases in size.

It's also been recognized that a medium-high level of growth would be enough to accomplish the country's goal of building a moderately prosperous society in all respects by 2020.

Chinese leadership is well prepared -- signaling they are not uncomfortable with the new normal. Rather, they see it as an opportunity to usher the country's development into a new stage.

Globally, China's numbers are considerably brighter than other major economies, such as the 2.4-percent growth in the United States, 0.9 percent for the euro zone and 0.04 percent for Japan.

By continuing a medium-high growth streak, China is shouldering its responsibility to the world economy, where many entities now depend on Chinese manufacturers who buy raw materials. With more jobs and better income, Chinese consumers will not stop shopping around the world.

It is also paramount, however, for other economies to recognize the new normal and adapt to the changes. For example, China will be more selective of foreign investments that bring in more value-added productions, instead of factories that rely on exhausting resources, labor and the environment.

The rest of the world may see more investments from China, already a net capital exporter, which will contribute jobs and taxes to other economies.

In an increasingly globalized economy, China's partners should also be prepared to accept that what goes on in the second-largest economy and the biggest goods trader in the world will definitely have an impact on others.