PBOC's chief economist sees China remaining on stable growth path

FXStreet (Łódź) - Speaking at the World Economic Forum in Tianjin, PBOC's chief economist Ma Jun stated that economic growth in China kept advancing at a relatively steady pace, with improvements evident on the labor market, in exports and in railway spending.

Ma stressed that the Chinese government's attempts to stimulate investment were partly successful, adding however that property investment was expected to continue decelerating. He also signaled that Chinese manufacturing should gradually relocate elsewhere.