This content is not available in your region

China's central bank governor says economic growth is nearing potential

Access to the comments Comments
By Reuters
China's central bank governor says economic growth is nearing potential
China's Central Bank Governor Yi Gang speaks during a conference in Budapest, Hungary, November 9, 2018. REUTERS/Bernadett Szabo   -   Copyright  BERNADETT SZABO(Reuters)

BEIJING (Reuters) – China’s economic growth is getting closer to its potential rate, Central Bank Governor Yi Gang said on Thursday, as the world’s second-largest economy faces uncertainties due to a trade dispute with the United States.

China’s overcapacity woes have significantly eased, though there is increasing downward pressure on the economy, Yi said at a forum at Tsinghua University in Beijing.

(Reporting by Kevin Yao in Beijing)