China’s economy shows fresh sign of weakness despite president’s assurance that markets are in ‘self-recovery’ and that Beijing is against currency wars China’s president,Xi Jinping, has sought to reassure global concern approximately the worlds moment-largest economy, or defending his government’s actions in the stock market and saying growth will be maintained.
“China’s economy will stay on a steady course with fairly fast growth. It’s still operating in a proper range with a growth rate of 7% ... Our economy is under pressure but that is allotment of the path on the way toward growth,” the Chinese president said in a speech in Seattle on Tuesday, the first day of his state visit to the US. Related: China's President Xi Jinping begins first US visit in Seattle Related: Xi Jinping says China is not guilty of cyber attacks as he prepares for US visit Continue reading...
Source: theguardian.com