China's manufacturing industry may deteriorate further because of a faster drop in new orders and an ongoing decline in export business…To address a lost decade (or longer), we need to find new ways to move out of unbalanced economic growth models."

Xiao Gang, chairman of the Board of Directors, Bank of China

Better not push on a string

Xiao Gang [Zhang Wei / Asianewsphoto]

The fundamental reason China’s annual average GDP growth has stayed at 9.9 percent is that, in the past 34 years, it has been sticking to the reform and opening-up policy, advancing with the times and making consistent innovation."

Zhang Xiaoqiang, deputy head of the National Development and Reform Commission

Zhang Xiaoqiang [Zhang Wei / Asianewsphoto]

China faces difficulties in exporting this year, and it will be very hard to realize the 10 percent target for export growth."

Wei Jianguo, former vice-minister of commerce.