The move is expected to stimulate domestic demand, boost employment and improve people's lives, as well as stabilize economic growth.

It will also help the sector move up the value chain, and prompt integrative development of the country's tertiary, agriculture and industry sectors.

As for foreign trade, Chinese leaders are trying to create new opportunities using their new way of thinking. For instance, Premier Li took railway diplomacy to Africa during a recent tour.

Some economists think similarly, deeming that infrastructure investment will become a main engine for global economic recovery and even prosperity.

People's Bank of China Governor Zhou Xiaochuan said at the weekend the central bank would only fine-tune its policy to counter economic cycles and would not carry out large-scale incentive policies to boost activity.

In a word, China is vigilant about its economic challenges and will not over-react to the pressure of the slowing momentum.

Those books and articles that trumpet the fading of China to boost their sales should stop uttering nonsense and make a fair analysis and judgement of China first.

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