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Domestic Demand Insufficient - Expert

CHINA PRESS

China’s economy faces insufficient domestic demand and an uncertain external environment according to Ding Zhijie, director of FX research at the State Administration of Foreign Exchange. Speaking at a recent forum, Ding said the economy would benefit from supply-side structural reforms to promote high-quality economic development and enact high-level opening up to develop trade and foreign investment. Ding said despite difficulties the economy had shown resilience through maintaining independent monetary policy and stable balance of payments. (Source: 21st Century Herald)

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

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