China - People's Daily front page - 7% GDP growth is not a cause for concern

A front-page editorial in the People's Daily says the Chinese GDP growth at 7% is reasonable

• While it's the the weakest since the first quarter of 2009 it is reasonable and not low compared with other economies
• 7% growth is enough to realize the goal of doubling GDP by 2020
• Its not a cause for concern

Via MNI

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The People's Daily is an official newspaper of the government of China

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Ever since the GDP data came out there have been fresh calls for more stimulus. This article would seem to pour some cold water on those calls.