China expected to achieve 2023 economic growth of slightly higher than 5% -PBOC adviser

2023-09-27 15:25

BEIJING China is expected to achieve an economic growth of slightly more than 5% this year, an adviser

BEIJING China is expected to achieve an economic growth of slightly more than 5% this year, an adviser to the central bank said on Wednesday.

China's economic situation is very different from that of Japan in the 1990s and there is no basis for the feared "Japanification", Wang Yiming, a member of the Monetary Policy Committee of the People's Bank of China (PBOC), told an economic Forum.

(Reporting by Kevin Yao; Editing by Himani Sarkar)