China's economy to grow around 5pc this year: PBOC chief

China’s economy is likely to grow around 5 percent this year, People’s Bank of China Governor Yi Gang said in remarks published on Friday, in line with the government’s annual target. 

China is willing to implement a debt disposal framework with other countries, Yi told a meeting of G20 finance ministers and central bank governors during the World Bank and International Monetary Fund spring meetings in Washington, according to a central bank statement. 

China’s economy is stabilizing and recovering, while inflation remains at a low level, Yi said. 

(Reuters)