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China's central bank governor says economic growth is nearing potential

Reuters
China's Central Bank Governor Yi Gang speaks during a conference in Budapest, Hungary, November 9, 2018. REUTERS/Bernadett Szabo (Reuters)

BEIJING (Reuters) - China's economic growth is getting closer to its potential rate, Central Bank Governor Yi Gang said on Thursday, as the world's second-largest economy faces uncertainties due to a trade dispute with the United States.

China's overcapacity woes have significantly eased, though there is increasing downward pressure on the economy, Yi said at a forum at Tsinghua University in Beijing.

(Reporting by Kevin Yao in Beijing)