Zhang Jun thinks, externalshock and huge debt led to the cliff Chinese economic decline. China's investment rate is overvalued by 10 percentage points. The appropriate package of reform measures, including debt disposal, will stimulate the new growth potential. "Over the next five years, China's GDP growth over 8% or more."

Resource:http://fddi.fudan.edu.cn/index.php?c=research&a=show&rid=417