Data from the National Bureau of Statistics Wednesday revealed that China's GDP for the first quarter of this year grew 7 percent compared to the same period last year, the country's slowest quarterly expansion since the 6.1 percent economic growth in early 2009. The figures of industrial output, fixed-asset investment, real estate investments and power generation are weaker than expected.

However, China's per capita disposable income rose 8.1 percent, outpacing GDP growth. The proportion of the service sector rose by 1.8 percent. Though the performance of retail sales is worse than forecast, still, it has experienced a 10.8 percent increase. This all reflects that the measures of structural adjustment appear to be having an effect.

There certainly is huge pressure behind the economic data for the first three months of 2015, but 7 percent GDP growth is better than the most pessimistic predictions, and this figure indicates that the economy is under control.

What China needs most is confidence. On the one hand, the drop in the growth rate is a clear trend. On the other, it is a result of China's adjustment for the "new normal" of economic growth.

The downward trend in economic growth will certainly not be allowed to continue forever, which is why the Chinese government is acting to stabilize growth.

As Chinese Premier Li Keqiangsaid in a press conference during the two sessions this year, China still has many policy options in its toolbox, which should be considered vital to maintaining the stability of China's economic growth.

There is no reason to panic. The truth is, China's private consumption is very active. Whenever there is a shortage in domestic products, we make purchases overseas. The confidence in consumption is the most basic, and the most authentic faith. Chinese people believe in the future, and we also hold high hopes in a rise in incomes as well as living standards.

Chinese people nowadays care more about improvement in environmental protection, medical care, education and all kinds of social welfare. We hope the intrinsic quality of life could keep developing, which is highly consistent with the goal of the country's economic and social development. Thus, while the short-term data may not be that "rosy," the influence it has on ordinary people is far from the way it is described in the public opinion sphere.

For a country as large as China, any reform will prove complicated. Therefore, it is crucial to keep a balance.

The task of stabilizing economic growth will be strenuous, but nothing can change the general direction of structural adjustment. The key is to have faith in our general direction and get over this temporary bump in the road.

Dealing with the pressure of a lowering growth rate will be a comprehensive test for Chinese society. It is a matter of not only the economy, but also of politics. How to overcome the pessimism is just as important as adopting the right measures of economic control.