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China growth rate result of sound adjustment- Xi
September 4, 2013, 7:32 am

[Getty Images]

Jinping will visit Turkmenistan, Kazakhstan, Uzbekistan and Kyrgyzstan during his Asia trip [Getty Images]

Chinese President Xi Jinping said Tuesday that the Asian nation has chosen to implement a macro economic policy even at the cost of slowing growth.

“We would rather bring down the growth rate to a certain extent in order to solve the fundamental problems hindering our economic development in the long run. In this sense, such a growth rate is the result of sound adjustment,” said President Jinping.

The leader was responding to questions put to him by local media in Central Asia.

Jinping asserted that China’s economy, the second largest in the world, “is highly integrated with the world economy”.

“The fundamentals of the Chinese economy are sound. In the first half of this year, China’ s GDP grew by 7.6 per cent, which was relatively high compared with other countries,” he said.

The Chinese president is set to attend the G20 Summit later this week and will meet his “old friend” Russian President Vladimir Putin.

China and Russia signed a number of deals in areas such as investment, energy, and security during an earlier trip this year by Jinping to Moscow.

“This time, my meeting with President Putin will take place in autumn – the golden season of harvest. What has been sowed in spring will be turned into rich fruits this autumn. Together, we will review the progress in bilateral ties since our March meeting,” said the Chinese president.

He also said: “China highly commends Russia’s effort” to strengthen the G20 during its presidency.

“As the holder of this year’s G20 presidency, Russia has made robust efforts to coordinate among members, strengthen the role of the G20 and promote world economic recovery,” said the president.

Jinping will visit Turkmenistan, Kazakhstan, Uzbekistan and Kyrgyzstan during his Asia trip.

The Asian leader has sought to highlight the growing energy cooperation in China-Central Asia ties.

“The China-Central Asia gas pipeline is now linked up with the second line of China’s west-to-east gas transmission project. Together, they form the longest natural gas pipeline in the world,” he said.

Source: Agencies

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