# Professor Michael Spence shares his views on China's five-year plan for economic growth

1 Faculty News March 12, 2016 ![Xinhua logo](/sites/default/files/styles/246w/public/assets/images/con_030505.jpg?itok=6NqP0rMN)>

Excerpt from [Xinhua](http://news.xinhuanet.com/english/2016-03/12/c_135181096.htm) -- "[Michael Spence](http://www.stern.nyu.edu/faculty/bio/a-michael-spence), a Nobel prize winner in economics, told Xinhua while the biggest challenge is to keep growth in the neighborhood of 6.5 and 7 percent before 2020, the completion of structural changes and supporting reforms are more important."

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