It is also important that reforms prevail, albeit with ups and downs during the process. Nonetheless, a society committed to reform and one bound by the old path are different. For China, reforms are not a slogan. Both the leadership and grass-roots are committed to pursue reforms. There are constant adjustments in China's economy, which is not stymied by systematic obstacles.

Specifically, programs are available to further economic growth. For instance, China's 13th Five-year Plan aspires to build new high-speed rail lines of over 10 thousand kilometers connecting more than 80 percent of China's big cities. The country's highways network will also be upgraded. These two infrastructure initiatives alone will produce a tremendous economic stimulus.

Growth opportunities are enormous, like the public clamor for enhancing medical services and the government's plan to expand investment in the field. A poverty-alleviation program will also produce abundant economic opportunities. And environmental protection will be part of the field's technological and equipment upgrade.

Three years after the 18th National Congress of the CPC in 2012, Chinese society's understanding of development has evolved, embracing the reality and necessity of the "new normal." Gone are the days of impatience.

On hindsight, it is easy to see that what we are striving for today is different from years ago. We are building a society of a higher standard. We do face many problems, from risks in the financial sector to a sluggish real economy. But Chinese economy has more resources to solve these problems. For example, rising consumption is proof of confidence in China's economic future.

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