Premier Li Keqiang has pledged to push ahead with economic restructuring even though China's growth rate in 2013 could be the slowest so far this century, the China Daily reported Wednesday.
Li made his remarks Tuesday in a meeting with economists and business leaders, saying the switch to a new economic model would be carried out while maintaining stable growth, the Beijing-based English-language newspaper said.
"We should not shift our policy orientation just because of temporary changes in economic indicators," Li said after second-quarter data released Monday showed the Asian giant grew at a 7.5 percent clip, well below the nearly double-digit growth registered two years ago.
China intends to shift its economic model to one less dependent on exports and government investment and more reliant on domestic consumption.
Li said the Chinese economy had entered a new stage of development in which the priority was on restructuring and technological upgrading.
The premier said he was convinced China could attain this year's minimum growth target of 7.5 percent without a large-scale stimulus program similar to the one launched during the 2008-09 global recession.
Li said the nation could tolerate the current economic growth rate and should improve the quality of that growth, the daily reported.
Should growth fall below what the government deems acceptable, small policy adjustments can be made and many options are available, the paper cited the premier as saying. EFE