I think it is the right path for China to go. Even those 7 percent growth on $10 trillion GDP is a huge jump in GDP and I think it is a good sign for China, but also for the whole world.

China is a very important driver of global growth and even at 7 percent it will continue to be a major driver as 7 percent of $10 trillion is actually a lot of additional GDP. This is very important for the world and it is important both as a customer and also as a provider of goods and services to the rest of the world. So I feel it is very good for it will underline the role that China will play in the global economy. Also I think the fact that Chinese government is going for major reforms is a very important sign to ensure that China in the long term can play very important role in the global economy.

-- Hans-Paul Burkner,

chairman of the Boston Consulting Group