Category: Economy
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PRAGUE Chinese President Xi Jinping said on Wednesday his countrys economy was at a new normal and shifting to a slower pace of growth than in the past.

The world economy is in the current situation going through a time of deep modifications and the situation is complicated and unstable, he told a Czech-Chinese business forum in Prague in comments broadcast through a Czech interpreter.

The Chinese economy has entered into the state of a new normal, which is marked by transition from high pace of growth to medium-fast growth. On the other hand, Chinese business stands on a firm base.

(Reporting by Robert Muller and Jason Hovet; Editing by Alison Williams)