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China: Economy 'still operating within reasonable range' - Central Bank Chief Yi Gang02:10

China: Economy 'still operating within reasonable range' - Central Bank Chief Yi Gang

China, Beijing
September 24, 2019 at 13:37 GMT +00:00 · Published

The Governor of the People's Bank of China Yi Gang said that the economy of China is "still operating within a reasonable range," despite some downturns. Yi Gang was speaking at a press conference in Beijing on Tuesday.

"According to China's economic data, there have been some downturns. But in our overall judgement, first, China's economy is still operating within a reasonable range. Second, there is still relatively large space for China's macroeconomic policies, especially fiscal and monetary policies, to cope with the downward pressure," he said.

"If you want to make a global forecast of the direction of monetary policy in the developed countries and the developing countries in the coming years, including the US, Europe and Japan, I have such a judgement. Looking to the future, if any country, especially any major economy, could maintain normal monetary policy, such an economy will become a bright spot of the global economy and should be the envy of the market," he added.

China: Economy 'still operating within reasonable range' - Central Bank Chief Yi Gang02:10
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The Governor of the People's Bank of China Yi Gang said that the economy of China is "still operating within a reasonable range," despite some downturns. Yi Gang was speaking at a press conference in Beijing on Tuesday.

"According to China's economic data, there have been some downturns. But in our overall judgement, first, China's economy is still operating within a reasonable range. Second, there is still relatively large space for China's macroeconomic policies, especially fiscal and monetary policies, to cope with the downward pressure," he said.

"If you want to make a global forecast of the direction of monetary policy in the developed countries and the developing countries in the coming years, including the US, Europe and Japan, I have such a judgement. Looking to the future, if any country, especially any major economy, could maintain normal monetary policy, such an economy will become a bright spot of the global economy and should be the envy of the market," he added.

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