China's GDP growth expected around 5% this year, senior official says

China's economy is expected to grow by about 5% this year, the deputy director of the country's central financial and economic affairs commission said on Saturday. The world's second-largest economy is expected to contribute close to 30% of global growth, Han Wenxiu told an economic conference . China's foreign exchange reserves likely remained above $3.

2 trillion this year while employment and prices are expected to remain stable, said Han, who is also a senior official in the ruling Communist Party. (You can now subscribe to our ETMarkets WhatsApp channel ).