You are here

Xi says no hard landing, Chinese economy has entered 'new normal'

Thursday, October 22, 2015 - 00:14

36446662656.jpg
President Xi Jinping said on Wednesday that there would be no hard landing for the world's second largest economy.

[LONDON] President Xi Jinping said on Wednesday that there would be no hard landing for the world's second largest economy.

Speaking in London via a translator during a state visit to Britain, Xi said China's economy had entered a new normal and there was some downward pressure but foresaw growth rates of about 7 per cent.

On investment, Mr Xi said that China would not close the door that it had opened and that Beijing remained committed to market oriented reform. He said China needed to maintain fair and open market order.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom