PBOC adviser says China's economy will beat pessimism and grow over 5%

<p>An adviser to China's cental bank, the People's Bank of China, says the country is able to achieve slightly above its 5% GDP growth target.</p><p>Further:</p><ul><li>the recovery in consumption remains weak, weighing on domestic demand</li></ul><ul><li>
China's fiscal deficit ratio can be raised next year</li><li>China's exports is
still expected to face relatively big pressure next year</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.