I think it is a quite natural move. I’m not very much concerned whether it is 7.3 or 6.8. Sometimes those figures are immeasurable.

If it grows by more than $10 trillion at 7 percent or whatever, it is still around $1 trillion. When it will be $15 trillion in a few years, it will be slower by growing at 5 percent or 6 percent. The bigger the economy, the slower the growth.

I wouldn’t be surprised to see the Chinese economy grow by 5 to 6 percent in three or four years and it will be good for their economy. The quality of growth will be more important.

I think China, with fast growth and low unit labor cost will remain the major driving economy given its size. China will remain the major driving force whether it grows at 7.5 percent or 6 percent.

-- Evgeny Gavrilenkov,

managing director and Chief economist of Sberbank CIB