BEIJING, Sept. 12 (Xinhua) -- On September 12, Premier Li Keqiang hosted the "1+6" Roundtable with heads of major international economic institutions in Beijing.
Speaking of China's economic performance, Premier Li noted that a positive momentum is taking hold and the Chinese economy has embarked on a path of innovation-driven development that features steady growth and accelerated transformation. Thanks to over 30 years of development, China has become the second largest economy. With much greater size, the same pace of rapid growth would not be sustainable. The moderation of growth that has been seen in China in recent years is therefore in line with the laws of economics. Having said that, we have managed to keep China's economic performance within a proper range and at a steady pace. In the first half of 2017, the economy grew by 6.9%, and this momentum has been maintained in the second half of this year. With China's GDP surpassing 11 trillion US dollars, each 1 percentage point of growth now would generate the same additional output as 1.5 percentage points of growth five years ago or 2.5 percentage points of growth a decade ago. Worldwide, China remains a leading performer in economic growth and contributes more than 30% of global growth.
