China will achieve GDP target despite challenges – Reuters

As reported by Reuters, Chinese  press agency Xinhua has stated that China will be able to overcome current trade difficulties with the US and still attain their growth targets.

Key quotes

“We must do a good job in stabilizing employment, finance, foreign trade and investment, and expectations,” Xinhua said, citing a statement released after a meeting of ruling Communist Party’s Politburo.

China’s economy faces some new problems and new challenges, including “significant changes in the external environment”, Xinhua cited the Politburo meeting – chaired by President Xi Jinping – as saying.”We must seize the main contradictions and take targeted measures to solve them,” it said.”