By Laura He, CNN Hong Kong (CNN) — The world’s second largest economy is undergoing a major transformation and is looking for new drivers of growth, according to China’s central bank governor. “China is experiencing a transition in its economic model,” Pan Gongsheng, the governor of the People’s Bank of China, told a group of international bankers at a conference in Hong Kong on Tuesday. “High-quality, sustainable growth is far more important.” The country is moving away from manufacturing and real estate, its traditional drivers of growth, towards a newer economic model driven by consumption and services, he added. He also emphasised that China will achieve its target for growth of
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