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An installation made of sock textiles is on display at a demonstration hall of the local sock-making industry in Zhuji, Zhejiang province, in February.[Photo/Agencies] |
As the Chinese economy shows signs of a slowdown in a transitional period featuring structural reforms, the world is watching with both hope and anxiety.
Spence told the South China Morning Post in March that China is well on its way to shift to a growth pattern better suited for future prosperity.
"One thing China has been very good at is managing the process, making steady progress and not trying to do everything at once," he was quoted as saying.
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