China's economic growth still reasonable: President Xi

Published Fri, Dec 5, 2014 · 09:57 AM

[BEIJING] China's economic growth is within a reasonable range, President Xi Jinping was quoted by state news agency Xinhua as saying on Friday.

Weighed down by unsteady exports, a cooling housing market and slowing domestic demand and investment, China's economy is experiencing its worst downturn in at least six years this year.

Some economists expect annual growth to drop to a 24-year low of 7.4 per cent.

REUTERS

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

International

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here