It's that time of the year when institutions issue 2014 forecasts, but one major think tank's report on China has analysts divided on its optimistic prediction.
The Chinese Academy of Social Sciences expects the country's GDP to grow by 7.5 percent in 2014.
"In general, the economic trend goes stably, and there should be no suspense to achieve the 7.5 percent growth. If China achieves that goal, its contribution to the world economy will be nearly 28 percent, higher than the US," Pan jiancheng, Deputy Director of China Economic Monitoring Center, says.
But some economists disagree, saying the unfavorable global picture makes that growth hard to achieve.
"The world economy is in recovery, especially the emerging economies which have seen a severe decline in growth this year. It is hard for China to maintain its economic growth under these circumstances," Yu Bin, Director of Macro Economy Research Department of State Council Development Research Center, says.
Other economists say China's change towards quality of GDP means it's more focused on other measurements than just growth rate. But the CASS report does note the Chinese economy faces challenges of high local government debt, employment and environmental issues.
Source: CCTV
