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.
