Experts' take on 7% GDP growth

Rajiv Memani, Chairman of Global Emerging Markets Committee of Ernst & Young

Rajiv Memani, Chairman of Global Emerging Markets Committee of Ernst & Young

Given Beijing's goal of restructuring their economy - less reliant on manufacturing and more reliant on services - moderate economic growth is not a bad thing in the longer term. In this scenario it's important to focus on the quality - job creation and wage growth remain relatively stable - and not just the speed, of the economy.