Xi says no hard landing, Chinese economy has entered 'new normal'
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[LONDON] President Xi Jinping said on Wednesday that there would be no hard landing for the world's second largest economy.
Speaking in London via a translator during a state visit to Britain, Xi said China's economy had entered a new normal and there was some downward pressure but foresaw growth rates of about 7 per cent.
On investment, Mr Xi said that China would not close the door that it had opened and that Beijing remained committed to market oriented reform. He said China needed to maintain fair and open market order.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
