National Development and Reform Commission Chairman Xu Shaoshi:

  • New economic momentum is growing fast
  • Economic performance in 2015 was very 'bright'
  • He is confident in China's economy
  • Economy faces big risks, challenges in 2016
  • Development to be affected by uncertainty in global economy
  • Government has ample policy tools
  • Won't see wave of heavy layoffs, trying to reduce heavy industry overcapacity
  • China's economy running at reasonable pace

All the top Chinese policymakers are meeting, that's why there has been so much news out of China this week.