China's 6.5% GDP growth target is within reach, says PBOC governor

Shanghai

PEOPLE'S Bank of China (PBOC) governor Zhou Xiaochuan said that the nation's expected 6.5 per cent growth target for this year is "within reach", and that financial risks are well under control.

China is fully confident of preventing and eliminating systemic risks, and will keep pursuing a prudent and neutral monetary policy, he said in a statement dated April 22 on the International Monetary Fund's (IMF) website during his meeting in Washington DC with the IMF committee. The country will keep applying a "full range" of monetary policy tools to keep liquidity broadly stable and to guide market interest rates in a reasonable manner, Mr Zhou said in the statement, adding to a reiterated pledge on active fiscal policy.