Caixin Summit: China’s Growth Is ‘Too Slow,’ Says Top State Economist

China’s economy has grown too slowly this year and is not in an appropriate range, Yang Weimin, a member of the country’s top political consultative body, told the 13th Caixin Summit, highlighting the importance of striking a balance between development and regulation, as well as economic expansion and non-economic targets.

“The greatest risk in economic development these days is the too slow growth rate,” Yang said in a video speech to a panel audience in Beijing on Friday.