Economics
PBOC's Yi Says Indicators Show `Robust' Economy Before GDP Data
- Central banker says he's confident of 6.5%-7% growth this year
- Yuan at `more or less equilibrium' as markets determine rate
Yi Gang.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Chinese central bank Deputy Governor Yi Gang said he is “pretty confident” that the country’s gross domestic product will grow 6.5 percent to 7 percent this year if the U.S. economy expands by 2 percent.
A number of first-quarter indicators have shown China’s economy is “pretty robust,” Yi said Thursday at a Brookings Institution event in Washington, citing electricity, transportation, inflation and producer-price data.