- Title: China economic outlook bright, prudent monetary policy to continue
- Date: 27th July 2017
- Summary: BEIJING, CHINA (JULY 27, 2017) (REUTERS) NEWS CONFERENCE STARTING MEDIA (SOUNDBITE) (Mandarin) DEPUTY HEAD OF CHINA'S OFFICE OF THE CENTRAL LEADING GROUP FOR FINANCE ECONOMIC AFFAIRS, YANG WEIMIN, SAYING: "So I believe that the outlook of the Chinese economy is bright, and it won't fall into a so-called 'middle income trap'." MEDIA SEATED (SOUNDBITE) (Mandarin) DEPUTY HEAD OF CHINA'S OFFICE OF THE CENTRAL LEADING GROUP FOR FINANCE ECONOMIC AFFAIRS, YANG WEIMIN, SAYING: "(We must) ensure healthy, stable economic growth, the provision of extensive supply-side structural reform, and safeguard against the occurrence of minimal systematic financial risks. These three are very important goals." NEWS CONFERENCE IN PROGRESS
- Embargoed: 10th August 2017 10:20
- Keywords: China economy state council of information office Yang Weimin growth financial risk reforms
- Location: BEIJING, CHINA
- City: BEIJING, CHINA
- Country: China
- Reuters ID: LVA0016RHSF4D
- Aspect Ratio: 16:9
- Story Text: China's economic outlook is bright and the country will not fall into the middle-income trap, Yang Weimin, a senior economic official with the ruling Communist Party, said on Thursday (July 27).
China also will maintain proactive fiscal policy and prudent monetary policy in the second half of the year, Yang said.
China reported faster-than-expected GDP growth of 6.9 percent in the first half of the year, but analysts expect growth to slow in the second half as regulators crack down on riskier types of financing.
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