PBOC Gov. Yi Gang (weekend) says coronavirus controlled in the country, 2020 growth will be +2%

Author: Eamonn Sheridan | Category: Central Banks

People's Bank of China head Yi Gang is bullish on GDP this year.

  • “I think the accumulative growth for the first three quarters of this year will be positive ... For the whole year, we predict China GDP growth of around 2%” 
  • Chinese economy remains resilient with great potential
  • Continued recovery is anticipated, which will benefit the global recovery
On the currency:
yuan appreciating against the U.S. dollar "significantly" in the past three months reflecting interest-rate differentials between the two countries - a development he said should be left to market forces

via Reuters 

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