The Chinese economy will continue to grow at a fairly fast rate amid the volatilities in the global economy, said China’s President Xi Jinping. He made such remarks this week at a welcoming dinner hosted by the authorities and other organisations in the city of Seattle during his visit to the United States.

“At present, all economies are facing difficulties, and our economy is also under downward pressure,” said Mr Xi, quoted by Chinese official news agency Xinhua. “[But] the Chinese economy is still operating within a proper range. It grew by 7 percent in the first half of the year, and this growth rate remains one of the highest in the world,” he added.

“We will take coordinated steps to achieve stable growth, deepen reform, adjust structure, improve livelihood and prevent risks, while strengthening and innovating macro regulation,” the Chinese President said. “China’s economy will stay on a steady course with fairly fast growth,” he added.

Mr Xi also noted his nation would continue to open its door to foreign investment. “Opening-up is a basic state policy of China. Its policies of attracting foreign investment will not change,” he said.

He will visit Seattle, Washington D.C. and New York during his U.S. trip, which began on September 22 and ends on September 28.