China confident on economic growth, Yuan stability

Reuters reporting latest headlines from the Chinese policymakers, with optimistic view on the economy and exchange rate level.

Key Highlights:

Speaking at a G20 summit meeting  ... last week, finance minister Xiao Jie said an increasing number of positive signs were seen in the Chinese economy in the first quarter gross domestic product report

China is confident of reaching the government's 6.5 percent GDP growth target this year, Xiao said in a notice published on the Ministry of Finance's website on Saturday

Separately, People's Bank of China (PBOC) adviser Sheng Songcheng said the improving economy has been matched by a stable yuan, with signs that capital is starting to return to China

"After breaking and even reversing expectations for yuan depreciation, there are signs of a trend of capital returning to China," Sheng wrote in Monday's editorial in Financial News, a newspaper owned by the PBOC