Sunday, November 9, 2014

3rd LD Writethru-China Focus: Xi says China's economic risks "not that scary"

ICROSS CHINA - 2014-11-09

BEIJING, Nov. 9 (Xinhua) -- President Xi Jinping on Sunday shrugged off worries over the risks Chinese economy is facing, saying that the risks are "not that scary."
"Indeed there are risks (in the Chinese economy), but not that scary," Xi told the Asia-Pacific Economic Cooperation (APEC) CEO Summit in a keynote speech.
Addressing worries that the Chinese economy may further decline in growth rate, Xi said "China's economic growth has become more stable and been driven by more diverse forces."
"Resilience best equips the Chinese economy against risks... And given the strategies and policy options at our disposal, we have the confidence and capability to cope with potential risks," he said.