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

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 mode of development, adjusting its economic structure and digesting earlier stimulus moves, according to the Xinhua news agency and state broadcasters.