BEIJING (Reuters) – China’s economy is expected to grow by about 5% this year, the deputy director of the country’s central financial and economic affairs commission said on Saturday.
The world’s second-largest economy is expected to contribute close to 30% of global growth, Han Wenxiu told an economic conference.
China’s foreign exchange reserves likely remained above $3.2 trillion this year while employment and prices are expected to remain stable, said Han, who is also a senior official in the ruling Communist Party.
(Reporting by Liz Lee and Beijing newsroom; Editing by William Mallard)
