China's 6.5% GDP growth target is within reach, says PBOC governor
He also expresses confidence in preventing, eliminating systemic risks
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons