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. 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. To stoke growth and bank lending, China’s central bank last week reduced the amount of cash that banks have to hold as reserves for the first time in over two years.