World Bank official Spence calls nation's growth target 'reasonable'

The recent economic growth target of 7.5 percent and reform policies laid out in China's annual meetings of the National People's Congress and the Chinese People's Political Consultative Conference, also known as the two sessions, are proof that China's "dynamic and flexible" economy is on track, a renowned economist said.

A. Michael Spence, awarded the Nobel Memorial Prize in Economic Sciences in 2001 and who is chairman of the World Bank's Commission on Growth and Development, said the growth target mentioned in Premier Li Keqiang's Government Work Report during the two sessions was a "reasonable" goal.