China’s economy to grow around 5% this year, central bank head says

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.

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