From the People's Daily (via MNI):

Chinese Premier Li Keqiang repeated that China needs at least 6.5%growth over the next five years in order to realize the goal of building a moderately prosperous society

  • Says maintaining a medium to high growth rate is a long term task
  • Says the process of economic rebalancing will be difficult and painful
  • But said China's new industrialization, urbanization and agriculture modernization had great potential to fuel economic growth
  • Says China's savings ratio is still very high
  • There are enough funds in the economy, which would help boost investment
  • China's infrastructure is still weak
  • Government will increase investments in railways and highways in central and western China, water projects, public housing and underground pipelines