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CHINA PRESS
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.