China economy to grow 7.4% in 2014, 7% in 2015

BEIJING: China's economy is likely to grow by 7.4 % this year, slightly below the government's target, and expand 7% in 2015, a senior government economist said on Friday.

China can still maintain annual average growth of 7% in the next 10 years, Yu Bin, director of macro-economic research department of the Development Research Centre (DRC), the cabinet's think tank, told a news conference.