CIC: China Will Grow at Sustainable Levels

China’s economy will grow at sustainable levels and there is no need for panic about the level of growth, Jin Liqun, chairman of China Investment Corp supervisory board told CNBC on Wednesday.

“I don’t think people need to panic, China will continue to grow at sustainable levels. The government target will be met without much difficulty,” said Jin.

China’s first quarter economic growth figure came in at 7.7 percent which was below expectations and lower than the previous quarter’s 7.9 percent growth, raising questions about the strength of the rebound in the world’s second largest economy. The government’s gross domestic product growth target for 2013 is 7.5 percent.


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