The Traderszone Network

Published in TZ Latest News 24 October, 2015 by The TZ Newswire Staff

China central bank sees ‘very normal’ growth of 6-7 percent in next few years

China will be able to keep annual economic growth at around 6-7 percent over the next three to five years, a top People’s Bank of China (PBOC) policymaker said on Saturday, a day after the bank cut interest rates for the sixth time in less than a year. The comments from Yi Gang, vice governor of the People’s Bank of China, appeared to be aimed at reassuring investors this level of growth, China’s slowest pace in two decades but still faster than other major economies, is the Chinese economy’s “new normal”. “China’s future economic growth will still be relatively quick.