PBOC Governor Yi: China's 5% growth target expected to be successfully achieved

Yi Gang, Governor of the People's Bank of China (PBOC), said in a statement on Wednesday, “China's economy continues to improve, 5% growth target is expected to be successfully achieved.”

Additional quotes

Shifting economic growth model is more important than pursuing high growth rate - securities times.

China's economic growth momentum improves recently, production and consumption recover steadily, employment and consumer prices stable.

Monetary policy will pay more attention to cross-cyclical and counter-cyclical adjustments in next stage.

Will always keep prudent monetary policy, support stable growth of real economy.

Will provide a good monetary and financial environment to stabilize price, promote economic growth and expand employment.

Spillover effect of property market adjustments on the financial system are generally manageable.