China's economy is currently............>

CHINA PRESS: China's economy is currently operating smoothly, and the growth

target set at the beginning of this year can be achieved, said Yi Gang, the

governor of the People's Bank of China, according to the newspaper Securities

Daily.

  - The macro leverage ratio has stabilised, while the leverage ratio of

state-owned enterprises has continued to decline, said Yi during the 2018 Annual

Meetings of the International Monetary Fund and World Bank Group in Bali on

Thursday;

  - The local government debt is controllable, the balance of payments is

generally balanced, and financial risks are generally controllable, Yi added,

before concluding that China's economic structure has been optimised and has

entered a stage of high-quality development;

  - The central bank's monetary policies will serve the domestic economy first,

Yi stated.