PBOC’s Yi: Expect China’s GDP this year to grow around 5%

People's Bank of China (PBOC) Yi Gang said in a statement on Friday, he is expecting the Gross Domestic Product (GDP) in China this year to grow around 5%, as the economy is rebounding and stabilizing, the property sector is rebounding and inflation is low.

Earlier this week, during the G20 meeting of finance ministers and central bank heads, Governor Yi and US Federal Reserve (Fed) Chairman Jerome Powell discussed the US and Chinese economic and financial developments.