Comments from Xi Jinping:

  • China at increasing challenge of economic pressure
  • No reason for yuan to devalue in long term
  • Rural areas in China need development
  • China taking proactive fiscal, prudent monetary policies
  • Growth for whole year expected at same level of first half
  • Sees healthy growth in China strengthening confidence

The Orwellian phrase twist of "increasing challenge of economic pressure" is the closest thing the government would ever admit to a growth slowdown.