Chinese economy has huge potential – China’s Xi

FXStreet (Mumbai) - Chinese President Xi Jinping was on the wires today stating that the world’s second largest economy is resilient and still has huge potential.

Xi added that there is plenty of room for manoeuvre and the Chinese economy has the ability to maintain long-term medium to high growth rate.

Earlier today, the Chinese finance ministry announced an issue of 3-month bonds on weekly basis starting from Q4 and says the bond issuance plan is to satisfy the requirement for Yuan's inclusion in SDR basket.