“The average pace of economic growth for the next five years is likely to be 7%, and a potential growth of 7% to 7.5% is also achievable,” Fan Gang, Director of the National Economic Research Institute and former Advisor to China’s central bank, said at the annual meeting of the Chinese Economists 50 Forum. The meeting aimed to sketch out plans for the 13th Five Year (2016-2020) Plan under the “new normal” state of the economy. Growth should be of higher quality and efficiency, driven by innovation, with a greener mentality. The 13th Five Year Plan is China’s last one to complete the construction of a moderately prosperous society in all respects by 2020 and for achieving decisive results in deepening reforms.