China rubbishes economic ‘hard landing’ talk

China acknowledged it faced a tough battle to keep world’s No.2 economy growing by at least 6.5% over the next five years while pushing hard to create more jobs and restructuring state-owned enterprises.
The comments, as Beijing kicked off its 12-day annual national parliament, underscored the challenges facing China as its economy transitions from an investment and export focused economy to one based more on services and consumption.