China's economy is expanding at a reasonable speed but the country's conditions mean double-digit growth rates will not be seen, said Fan Jianping, chief economist with the State Information Center, [Hong Kong Company Formation]a government think-tank.

As long as the growth rate is above 7 percent, it can be called a normal performance, Fan told a Ministry of Foreign Affairs press conference on Wednesday.

If China's economic growth rate remains between 7 and 9 percent, there will not be serious inflation or deflation, and the job market will be satisfactory, Fan said.

The Chinese economy had the potential for double-digit growth rates since the country's reform and opening-up in 1978 and before the outbreak of the global financial crisis in 2008, he said.

But after 30 years of boom,[Offshore Company Incorporation] growth potentials have dwindled as China's economy has entered a new phase of restructuring, he said.

Though the economic growth rate has slowed, its quality and efficiency have improved, he said.

China's economy grew 7.6 [HongKong Richful  - Hong Kong Company Formation, Offshore Company Incorporation]percent in the first half of 2013 from a year earlier.