Chinese growth to slow over time: PBOC
Tweet
Share
E-mail
FILE PHOTO: A man rides an electric motorcycle carrying water past Chow Tai Fook Financial Center in Tianjin's Binhai new district, China May 16, 2019. REUTERS/Jason Lee/FIle Photo
HELSINKI (Reuters) - Chinese growth will slow over time, due in part to demographic challenges and tougher environmental standards, People's Bank of China Governor Yi Gang said on Monday.
"As the economy gets larger and larger, the growth rate will continue to moderate," Yi told a conference in Helsinki. "The overall policy of government is to pursue a higher quality of growth rather than a higher growth rate."
(Reporting by Balazs Koranyi and Tarmo Virki; Editing by Raissa Kasolowsky)
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Jamie Dimon faces Warren scrutiny over reported Epstein-linked lobbying advice
- Goldman recommends five strategies that help investors stay invested
- Thomson Reuters to cut 'small number' of engineering jobs
Create E-mail Alert Related Categories
ETFs, General News, ReutersSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
