BOJ expects China’s economy to sustain 6pc growth

20 November, 2019 12:00 AM printer

TOKYO: Bank of Japan Governor Haruhiko Kuroda said on Tuesday he expects China’s economy to sustain growth of around 6% in coming years, thanks in part to the effect of Beijing’s stimulus measures.

But he said the world’s second-largest economy would likely see growth slow below 6% in the long run, as its working-age population starts to decline.

“The effect of China’s policy measures is taking somewhat long to appear. But China’s economy will likely sustain growth of around 6% for the time being,” he told parliament. Kuroda also said he did not expect China’s excess debt to trigger a crisis that would cause financial disruptions.


Top