MNI BRIEF: China Has Policy Room If Needed - Finance Minister

Beijing has reserved sufficient policy space and reserve tools to deal with possible internal and external uncertainties, said Finance Minister Lan Fo’an told a press conference during the National People's Congress on Thursday.

China has the foundation and support to achieve its annual growth target of around 5% this year, said Zheng Shanjie, director of the National Development and Reform Commission told the same gathering.

MNI reported earlier that China’s announcement of CNY2.9 trillion in additional borrowing this year leaves space for further stimulus as the country braces for trade war with the U.S., policy advisors told MNI. (See MNI: China Borrowing Plan Keeps Policy Space Given Trade Risks)