The fundamentals of the Chinese economy remain stable and promising in the long run despite short-term challenges, a Chinese central bank official said here Tuesday.
Zhang Qingsong, deputy governor of the People’s Bank of China (PBOC), China’s central bank, made the remarks at Hong Kong’s second Global Financial Leaders’ Investment Summit while addressing the concerns of some global investors over the Chinese economy.
“You may ask me, are you worried? No, not always, not too much,” he said, pointing to China’s large working-age population and rapid growth in research and development investment as key driving forces for growth.—Xinhua
