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 ... (full story)

People's Bank of China Governor Pan Gongsheng quoted in state-backed financial media Securities Times. • Shifting economic growth model is more important than pursuing high growth rate. • China's economy continues to improve, 5% growth target expected to be successfully achieved. • 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 ... (full story)