China's Xi says economy within proper range: WSJ
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[BEIJING] China's economy faces downward pressure but is still operating within a proper range, President Xi Jinping said in an interview with the Wall Street Journal published on Tuesday.
Developing capital markets is key goal of China's reform, which will not change just because of current market volatility, Xi also was quoted as saying ahead of a visit to the United States.
Exchange rate reforms will continue, and there is no basis for sustained depreciation in the yuan, Xi added.
Top Chinese officials have been trying to reassure jittery global markets about their policy goals after a run of soft economic data and China's surprise devaluation of the yuan rattled investors over the past month.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam acts fast to shield firms, households from fuel price surge
Beijing’s calculated silence on the Iran war
S-E Asia tourism takes hit from Middle East crisis, but intra-regional travel could spell hope
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
