Chinese economy more sustainable now, says China central bank

Beijing

CHINA's economy is now more sustainable and domestic consumption is steadily rising, Chinese Central Bank vice governor Yi Gang told a G20 meeting of finance officials earlier this week.

Mr Yi's remarks came after China posted its slowest economic growth in 24 years in 2014, with a cooling housing market, slowing investment and recent underwhelming exports expected to weigh further on domestic demand this year.