PBOC’s Zhou: Economic indicators show "stabilized and stronger growth"

The People's Bank of China (PBOC) is out with a statement from the Governor Zhou Xiaochuan, as he sounds optimistic on the economy ahead of the Congress.

China's once-every-five-years Communist Party Congress commences this Wednesday, Oct 18th.

Key Points:

Economy expected to grow 7% in H2

Economic indicators show "stabilized and stronger growth"

Growth momentum"may continue in the second half"

"Positive progress has been achieved in economic transformation"

"China will continue to pursue a proactive fiscal policy and a prudent monetary policy, with a comprehensive set of policies to strengthen areas of weakness"