 "Economy set to turn around: Chinese FM")
China's finance minister denied that the world's second-largest economy was entering a crisis period, adding that he believed growth could even accelerate, as quoted by the official Xinhua news service in an interview.
The report quoted Lou Jiwei, speaking on the sidelines of the G-20 conference on Saturday, saying he expected China's economic growth to end the year at 7.5 per cent, the official target rate.
A Xinhua report on July 12 that quoted him saying he expected growth to come in at seven per cent caused brief market confusion, but Xinhua later changed the report to quote him as saying 7.5 per cent.
The report quoted Lou Jiwei, speaking on the sidelines of the G-20 conference on Saturday, saying he expected China's economic growth to end the year at 7.5 per cent, the official target rate.
A Xinhua report on July 12 that quoted him saying he expected growth to come in at seven per cent caused brief market confusion, but Xinhua later changed the report to quote him as saying 7.5 per cent.