China will achieve GDP target despite challenges - Reuters

Joshua Gibson FXStreet

As reported by Reuters, Chinese press agency Xinhua has stated that China will be able to overcome current trade difficulties with the US and still attain their growth targets.

Key quotes

"We must do a good job in stabilizing employment, finance, foreign trade and investment, and expectations," Xinhua said, citing a statement released after a meeting of ruling Communist Party's Politburo.

China's economy faces some new problems and new challenges, including "significant changes in the external environment", Xinhua cited the Politburo meeting - chaired by President Xi Jinping - as saying."We must seize the main contradictions and take targeted measures to solve them," it said."

Author

Joshua Gibson

FXStreet

Joshua joins the FXStreet team as an Economics and Finance double major from Vancouver Island University with twelve years' experience as an independent trader focusing on technical analysis.

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