PBOC governor expects the economy to grow by 7% in the second half of the year

16 Oct 2017 11:58 AM

The Governor of the People's Bank of China made a number of statements, the most prominent being the following:

  • There are signs of strong Chinese economy and stable growth during 2017.
  • The economy is expected to continue to rally growth momentum in the second half of this year.
  • The economy is making significant progress during its transition.
  • The growth of both imports and exports accelerated.
  • Financial income is growing.
  • Prices have stabilized recently.
  • The economy is expected to grow 7% in the second half of the year.
  • The Bank of China will continue its current monetary policy to ensure stability.

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