The People’s Bank of China expects the country’s GDP to grow by 5% this year

According to forecasts, the Chinese economy is expected to grow by around 5% this year, as stated by the Governor of the People’s Bank of China, Yi Gang.

China is ready to implement a debt relief program with other countries, as announced by Yi Gang during the meeting of the finance ministers and central bank governors of the G20 in Washington.

He also mentioned that the Chinese economy is stabilizing and recovering, while inflation remains low.