Competition between China, US intensifying: Scholar

China’s economic development from 2013 to 2025 faces both opportunities and challenges. The ongoing urbanization and industrialization, regional economic imbalance, and huge population can formulate the great demand for consumption. But the world economic recession, constraints in domestic resources, low level of innovation, and social conflicts form the main obstacles. China's economic growth will be 7.2% from 2011 to 2025 as the service sector will provide more of a driving force and the contribution of trade to economic growth will drop.

Li Xuesong, senior research fellow, deputy director of the Institute of Quantitative and Technical Economics, Chinese Academy of Social Sciences