With the main economic indicators rising in February, the outlook of China's economy in this year remains well, said Xu Shaoshi, head of the National Development and Reform Commission (NDRC), at a press conference on Thursday.
Xu said both China's service sector and manufacture PMI increased in February, which indicates that the social expectations is stable and market confidence has rebounded. The situation will bring optimistic effects to economic trends this year.
Economic development has many advantages, such as the huge investment, strong market confidence and the increased social demands.
Besides, the level of macro-economic control has increased, and with the improved controlling means, China can try to improve the quality and efficiency of the economic development.
The country plans to lower the annual GDP growth target to around 7 percent from 7.5 percent, according to a draft government work report delivered by Premier Li Keqiang on Thursday.
Xu said this target was accordance with China's middle to long-term development regularities, and also followed the trends that the economic development is stepping into the "new normal.
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