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Official confident in China’s economic growth

Updated: Feb 21,2016 9:31 AM     Xinhua

Chinese vice finance minister Zhu Guangyao said on Feb 21 he is confident about the country’s economic growth in future.

“Chinese economy will surely continue to grow, because the fundamentals of the economy remain sound. The Chinese economy enjoys high resilience, ample leeway and huge potential,” said Zhu at a forum on global macroeconomic forecast.

However, China faces challenges from the “uncertainty and complexity” of the world economy, including downward pressure, divided monetary policies in major developed economies and a fragile international financial market.

Despite economic slowdown, the real picture in China’s shopping malls, cinemas, restaurants and job market is anything but downbeat as consumer and producer price indices released on Feb 14 showed encouraging signs of stability in the economy.

The registered unemployment rate in China’s cities was 4.05 percent at the end of 2015, and China created 13.12 million new jobs for urban residents last year, both bettering official targets.