China’s economy expected to grow 7 percent in second half of this year: PBOC governor

FAN Editor
Labourers work at a construction site in Beijing's central business area
Labourers work at a construction site in Beijing’s central business area, China October 14, 2017. REUTERS/Jason Lee

October 16, 2017

SHANGHAI (Reuters) – China’s economy is expected to grow 7 percent in the second half of this year, the country’s central bank governor said, according to a statement published on the People’s Bank of China’s website on Monday.

“China’s economic growth has slowed over the past few years…but economic growth has rebounded this year, with GDP reaching 6.9 percent in the first year, and may achieve 7 percent in the second half,” Zhou Xiaochuan was quoted as saying at the G30 International Banking Seminar in Washington on Sunday.

China publishes its third quarter gross domestic product numbers on Thursday.

(This version of the story corrects the name of the meeting in paragraph two)

(Reporting by Brenda Goh; Editing by Sam Holmes)

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