PBOC adviser says China’s economy will beat pessimism and grow over 5%

An adviser to China’s cental bank, the People’s Bank of China, says the country is able to achieve slightly above its 5% GDP growth target.

Further:

• the recovery in consumption remains weak, weighing on domestic demand

• China’s fiscal deficit ratio can be raised next year
• China’s exports is
  still expected to face relatively big pressure next year

This article was written by Eamonn Sheridan at www.forexlive.com. Source