Folks’s Financial institution of China head Yi Gang is bullish on GDP this yr.

  • “I feel the accumulative development for the primary three quarters of this yr will probably be optimistic … For the entire yr, we predict China GDP development of round 2%” 
  • Chinese language economic system stays resilient with nice potential
  • Continued restoration is anticipated, which can profit the worldwide restoration

On the forex:

yuan appreciating in opposition to the U.S. greenback “considerably” prior to now three months reflecting interest-rate differentials between the 2 international locations – a growth he mentioned must be left to market forces

by way of Reuters