China's economy is still in the stage of medium-speed growth of about 5%, and there may be the potential for it continue to grow at this rate for another five to 10 years, a Chinese central bank official said on Wednesday.

FULL STORY

  • CHINA FACES CHALLENGES FROM SLOWING ECONOMIC DRIVES INCLUDING PROPERTY, INFRASTRUCTURE AND EXPORT
  • CHINA IS STILL IN THE STAGE OF MEDIUM-SPEED GROWTH OF ABOUT 5%
  • THERE MAY STILL BE 5-10 YEARS OF MEDIUM-SPEED GROWTH POTENTIAL
  • CHINA'S CURRENT MACRO POLICY FOCUSES ON PLAYING THE ROLE OF SHORT-TERM STABILITY AND BALANCE
  • ECONOMIC GROWTH NEEDS TO BE DRIVEN BY STRUCTURAL POTENTIAL
  • CHINA NEEDS TO CONTINUE TO MAINTAIN A RELATIVELY LOOSE MONETARY AND FISCAL POLICY