More detail on Xinhua’s report of China’s finance minister expecting growth to come in at 7%

The headline crossed earlier, here is more detail:

• Lou Jiwei,said 7% growth should not be considered as the bottom line
• Said while the economy was slowing there would not be a hard landing
• Said “structural reform is paying off”
• First quarter growth was 7.7%, which is around the rate to expect for the first half

via Reuters