PBOC’s Yi Says China’s Growth Rate in ‘Reasonable Range’

China’s economy is growing at an acceptable pace, China’s central bank Deputy Governor Yi Gang said, adding to signals policy makers will avoid broad stimulus to counter a slowdown.

“Economic growth is still within a reasonable range,” Yi said in an interview with Bloomberg News in Washington, responding to a question about whether he’s concerned that recent weakness in economic data points to a further slowdown in the world’s second-largest economy.