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
