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Since then, the leadership has signaled that it will tolerate lower but better quality growth.
So, it's possible that China manages a smooth transition to a slower but better quality growth rate, it opens up its markets to greater competition, and joins in with the global community on the next climate change agreement.
After decades of targeting high growth, governments' focus has shifted to better quality growth.
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In this version, the new leadership means it when it says, as it has repeatedly, that it is willing to tolerate slower, better-quality growth.
And to achieve that better-quality growth, Beijing is engineering a slowdown, including intentionally causing the June interbank pain, as part of an overall plan to quicken long-discussed and much-needed structural reforms.
The transformation of the national economic structure has highlighted the need to achieve better quality, sustainable growth and ensure a balance between economic growth and social, human and sustainable development goals so that all citizens, including the most vulnerable and disadvantaged, can benefit from the development process.
At the same time, these structural shifts can facilitate a transition to better quality economic growth from a narrow base of lower value, highly polluting activities to a wider range of higher value, cleaner activities that also deliver higher per capita income and employment opportunities for citizens.
This will inevitably lead to better quality work and further growth of the business.
Generally, trees on better quality sites had higher growth.
"Our reform programme seeks to address this but we must accelerate change to save taxpayers more, create better quality public services and promote growth".
More than half of the developing world's workers are trapped in vulnerable jobs, working for themselves or in unpaid family work, according to a report that calls for better quality employment to drive economic growth.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com