When President Xi Jinping called for "greater political courage to deepen reforms", he assured us the world's second-largest economy has a sensible approach to sustaining its growth momentum.

During an inspection trip to Hubei province, Xi told officials on Tuesday that China must have greater political courage and wisdom to deepen reforms in important areas, overcome institutional ailments and break the entrenched vested interests to further release and develop productivity and ignite creativity.

"Reform and opening-up remain the source of vitality for China's development and progress at this time, and the country has no way out if it comes to a standstill or go backward," he said.