China has ability to maintain medium-to-high rate of growth: Xi Jinping

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Hangzhou | Published: September 3, 2016 1:38:20 PM

Chinese President Xi Jinping said on Saturday China had the confidence and ability to maintain a medium-to-high rate of economic growth as it undergoes reform, and it would honour its commitments to cut overcapacity with action.

Xi said the G20 should combine monetary and fiscal policies with structural reforms to promote growth, and warned that isolationism could not resolve problems faced by the global economy.Xi said the G20 should combine monetary and fiscal policies with structural reforms to promote growth, and warned that isolationism could not resolve problems faced by the global economy.

Chinese President Xi Jinping said on Saturday China had the confidence and ability to maintain a medium-to-high rate of economic growth as it undergoes reform, and it would honour its commitments to cut overcapacity with action.

Speaking to a business forum on the eve of a summit of leaders of the world’s 20 biggest economies in Hangzhou, Xi said the G20 should combine monetary and fiscal policies with structural reforms to promote growth, and warned that isolationism could not resolve problems faced by the global economy.

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