News » ssful. He spoke of his vision of s

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SYDNEY Frank Ragnow Jersey , March 5 (Xinhua) -- Former Australian foreign minister Bob Carr said on Thursday that China's new economic growth target of 7 percent will still bring great benefits to the world's most populous nation.


Carr's comments follow the opening meeting of the third session of China's 12th National People's Congress (NPC) in which Premier Li Keqiang warned of the "formidable difficulty" in 2015.


Li stressed his confidence in the ongoing reform and delivered the annual government work report, which set this year's economic growth target at 7 percent.


Carr, who is now director of the Australia-China Relations Institute, told Xinhua that China will still add more value to its economy at 7 percent Marvin Jones Jr Jersey , than ever before.


"Some people say China is growing slower than the past, but growing even at 7 percent is adding more dollars to its economy than it was a few years ago when it was growing at 10 percent," Carr said.


"It is growing at a bigger base at a lower rate but at a bigger base adding more dollars to the economy when percentages were higher."


Carr said Chinese economic growth is being steered successful by the Chinese leadership.


"This is a planned outcome, it's a more mature economy and more mature economies grow more slowly in percentage terms than countries that are just coming out of undeveloped status Golden Tate III Jersey ," Carr said.


Carr said Australia was interested in the key issues coming from the NPC including economic planning, environment policy, foreign policy, anti-corruption campaign Darius Slay Jr Jersey , and strengthening of rule of law.


"Anyone that's interested in what's happening in China has to focus on the anti-corruption drive and the comprehensive law reforms," he said.


"This congress is a very important annual event in China. For Australians it is confirmation of all that President Xi Jinping told us when he was here late last year."


"His visit was very successful. He spoke of his vision of strong and prosperous China and spoke about what that would mean for Australia and that was symbolized by the free trade agreement (FTA)."


Carr said China is on a track to build a prosperous, mainly middle class society by 2030 with 860 million more people claiming middle class status than there are today.


"That is a huge opportunity for Australia. That is vast market for Australian food stuffs and for Australian services like education and tourism. It is very good news for Australia," he said.