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BREAKING NEWS

China president says risks to economy "not that scary"

By REUTERS

NOVEMBER 9, 2014 04:32

BEIJING - China's economy is stable and the risks that it faces are not that scary, President Xi Jinping said on Sunday in a speech at the Asia Pacific Economic Cooperation (APEC) CEO Summit.

Xi told the meeting of business executives that even if China's economy were to grow 7 percent, that would still rank it as one of the world's fastest growing economies.

He added that China's overseas direct investment is expected to hit $1.2 trillion in the next decade.

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