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China's economy is 'resilient, has huge potential'

President Xi also explains to US business leaders and former officials reasons behind economic slowdown

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Speaking to American business leaders in Beijing on Thursday ahead of his trip to the US next week, Mr Xi (second from right) acknowledged that China's economic slowdown has raised international concern, but added the economy has room for manoeuvre.

Beijing

CHINA's economy is resilient and has the capacity to maintain a long-term medium-to-high growth rate, state media reported President Xi Jinping telling US business leaders and former officials.

Mr Xi said slowing growth was the result of the country shifting to a different