China is likely to place more emphasis on economic growth

China is likely to place more emphasis on economic growth in its development agenda for the next year and beyond; the country is also expected to introduce a fresh macroeconomic policy mix to revive business and boost consumption in the upcoming months, economists said on Wednesday.

They shared their observations at a forum hosted by the Academic Center for Chinese Economic Practice and Thinking, which is part of Tsinghua University, on Wednesday afternoon. The forum unveiled a report that mapped out China's growth potential and possible advantages that could emerge between 2023 and 2027.

The report said that to achieve the goal of substantially growing the per-capita GDP to be on a par with that of a mid-level developed country by 2035, it is important to fully recognize and leverage the long-term potential of China's economy. Efforts should be made to boost consumption, revive the private sector and optimize policies to help the troubled real estate sector to recover sooner than later.