Now for more on the Chinese economy, we are joined in the studio by Professor Liu Baocheng, dean of the Center for International Business Ethics, at the University of International Business and Economics.

Q1: On the one hand, 6.7% is a number many believe to have beat expectations. On the other hand, it's also the slowest growth in 7 years. What do you make of the number? What does it mean for the Chinese economy?

Q2: Now for China the quality of growth is just as, if not more important, as the quantity. So judging by the data released, what have been the major contributors of growth and is it good quality growth?