BEIJING (Reuters) – China’s economy is likely to grow around 5% this year, People’s Bank of China Governor Yi Gang said in remarks published on Friday, in line with the government’s annual target.
China is willing to implement a debt disposal framework with other countries, Yi told a meeting of G20 finance ministers and central bank governors during the World Bank and International Monetary Fund spring meetings in Washington, according to a central bank statement.
China’s economy is stabilising and recovering, while inflation remains at a low level, Yi said.
(Reporting by Beijing newsroom and Kevin Yao; Editing by Jacqueline Wong)
