China can deal with global economic challenges: state planner
[BEIJING] China will be affected by the unstable global economic conditions in 2016 but will have the ability to cope with the challenges, the country's state planner said on Wednesday.
Xu Shaoshi, head of the National Development and Reform Commission, was speaking to reporters at a briefing. His comments came after recent data showed China's economy was off to a weak start this year.
The official Purchasing Managers' Index (PMI) for manufacturing stood at 49.4 in January, the lowest reading since August 2012.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US official urges China, Russia to declare only humans, not AI, control nuclear weapons
Banking giants race to Riyadh as MBS steps up pressure campaign
Biden now calls ally Japan ‘xenophobic’ along with China, Russia
Japanese companies struggle with yen’s continued weakness
Australia’s March goods trade surplus narrows to more than 3-year low
Hong Kong holds rate as Fed signals inflation concerns