Leading investment bank J.P. Morgan Chase predicted China’s economy will maintain steady growth in 2015, boosted by rising consumption and the service sector, Xinhua reported. “We are still optimistic about China’s economic outlook in 2015,” said Jing Ulrich, managing director and vice chairman of the bank’s Asia Pacific branch. She said reforms are a significant factor in bettering the economy. “Reform is the key word of the year of 2015,” she said, “The government will continue economic reforms to improve competitiveness.” China saw its GDP expand at 7.4% year on year, the slowest in 24 years. But ongoing reforms will likely help it gather strength.