Xinhua, Rome :China’s growth target of 7.5 percent for 2014 that was written in the government’s work report delivered at the parliament’s annual session this week was seen by Italian economists as an indicator of China’s effort to pursue a high-quality and more balanced growth.China doesn’t want over high growth rates from an “old development model” that “does not suit the country anymore,” Giuliano Noci, a marketing professor and China expert at Politecnico di Milano, told Xinhua, while commenting on the new target figure.The Chinese economy, which is both an extraordinary target market and an important workshop for the international community, needs to expand at a reasonable but more high-quality pace, Noci explained.Noci said that in the current times of economic globalization, China faces important challenges and complex problems in pushing forward economic and social development.
