PBOC: China to post GDP growth of around 5%

China is expected to achieve a GDP growth of around 5 percent this year as the Chinese economy is recovering with low inflation and "positive changes" in the real estate market, said Yi Gang, governor of the People's Bank of China.

The country is willing to implement a common debt disposal framework with other countries, the bank quoted Yi as saying in a statement on Friday.

Yi made the remarks while attending a meeting of G20 finance ministers and central bank governors, which was held in Washington from Wednesday to Thursday during the International Monetary Fund spring meetings.

During the meetings, Yi met with central bank governors from Pakistan, Ethiopia, Sri Lanka, Zambia, the United States and Switzerland, according to the PBOC.

Yi met with U.S. Federal Reserve Chair Jerome Powell on Tuesday. The two central bank governors exchanged views on the economic and financial situation in the world's two biggest economies, a bank statement said.