China President Xi confident about healthy economic growth

BEIJING Sat Nov 2, 2013 4:42pm IST

China's President Xi Jinping waves to delegates as he arrives for the opening ceremony of the 11th National Women's Congress at the Great Hall of the People in Beijing, October 28, 2013. REUTERS/Jason Lee

China's President Xi Jinping waves to delegates as he arrives for the opening ceremony of the 11th National Women's Congress at the Great Hall of the People in Beijing, October 28, 2013.

Credit: Reuters/Jason Lee

Related Topics

BEIJING (Reuters) - China President Xi Jinping is confident that China will have healthy economic growth and will not fall into a middle-income trap, he told a group of Chinese and foreign business leaders on Saturday.

"We are currently changing our way of development, adjusting our economic structure, accelerating our new style of industrialisation, promoting technology, urbanisation and agricultural modernisation," state media quoted Xi as saying at the meeting in Beijing.

"The domestic elements supporting China's economic growth are sufficient."

China's maturing economy is set to grow at its slackest pace in 23 years this year, at 7.5 percent, as its export sales falter on fragile global demand.

His comments came as leaders prepare to meet from November 9 to November 12 at a plenum that will discuss deepening reforms.

(Reporting by Paul Carsten and Judy Hua; Editing by Robert Birsel)

FILED UNDER:

Reuters Showcase

Trading Fees

Trading Fees

BSE slashes fees in FX derivatives battle with NSE  Full Article 

SpiceJet Turnaround

SpiceJet Turnaround

SpiceJet board approves up to $243 mln share sale plan  Full Article 

Currency Market

Currency Market

RBI urges companies to hedge FX exposure  Full Article 

Uber's Woes

Uber's Woes

Uber, other taxi-hailing apps hit new roadblock in Delhi.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage