There have been more voices than ever before expressing worries about China's economy. This is not surprising. China's most eye-catching economic data, such as GDP and growth rate of import and export volume, is showing a declining trend. Two-digit GDP growth is moving away from us. Money is no longer as easily earned as before.

Casting doom on the Chinese economy has been prominent among Western opinions. The US Nobel-winning economist Paul Krugman thinks that "the Chinese model is about to hit its Great Wall."

But at the same time, there have been opposing voices: is a GDP growth rate of 7.6 percent a small one? If China is encountering a crisis with a 7.6 percent growth rate, how are other countries faring?

A middle way between the two different voices may be more practical.

No one would deny that China's economy is facing numerous difficulties in its restructuring process, which cannot be solved through reckless action. Such a situation is not a strange one in China's three decades of reform and opening-up.

From lack of resources to serious inflation, from heavy losses of State-owned enterprises to difficulty finding employment for laid-off workers, China's economy has kept people worrying, especially since the Internet came into people's lives.

The government has taken serious actions on the economic structure this year. As the economy comes under pressure to slow down, the government no longer promotes large-scale stimulus plans, and the central bank does not issue currency any more.

The slowing of economic growth is not due to the collapse of China's economy but reflects slow progress in its strategic initiatives.

The economic problems the public talks about are mostly real. The public has been expecting the new government-led measures, but was unable to adapt to these policies when they did come. It is natural that people feel pain amid the slowing growth and predict that China's economy will start to fall apart.

The foundation of and motivation for China's economic development haven't changed much. An economic hard landing means ordinary people would have to give up dreaming of a better life, and there would be no urbanization and no investment in education, healthcare and ecology. This is unlikely to happen.

We have witnessed the gaps in living standards between China and developed countries, thanks to globalization. We call for a positive attitude when solving concrete economic problems. 2013 will be a year when people's confidence rises.