Markets

Chinese economy will "absolutely not experience a hard landing"

More comments from National Development and Reform Commission Chairman Xu Shaoshi

  • predictions of an abrupt economic slowdown are "destined to come to nothing"

Xu said that slowing growth in the broader world economy posed difficulties for China this year.

"First, we estimate the slow recovery and low growth rates in the world's economy will continue for a period of time," he told reporters on the sidelines of the People's Congress.

"Also we could not overlook the risks from unstable [global] financial markets, falling prices of commodities and risks of geopolitics."

Adam had some previous comments from Xu earlier .

The BBC has some excellent coverage of the NPC meeting here

Time for me to head back out again. On to the golf course this time to do battle with my son but before I go can I just wish, on behalf of everyone at ForexLive, a very Happy Mothering Sunday to all our trading community Mums in countries where you're being treated and pampered today. Thoroughly well deserved.

Here's a quick card for any of our readers to use who've forgotten to buy one.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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