On Feb. 23, Deputy Consul General Liu Jun delivered remarks at the 2015 Chinese New Year Reception hosted by the Chinese Finance Association of America (CFAA). 

Liu briefed the guests on China's economic situation in 2014. He pointed out that the worries over the prospect of the Chinese economy were unwarranted, for the slowdown at present would not lead to a "hard landing".  

Liu underlined that the Chinese economy had entered a state of new normal, which meant the gear of growth was shifting from high speed to medium-to-high speed, and development needed to move from low-to-medium level to medium-to-high level. 

He also said that in 2015 China would continue to pursue a proactive fiscal policy and a prudent monetary policy, putting more emphasis on anticipatory adjustment and fine-tuning, doing an even better job with targeted macro-regulation to keep the economy operating within the reasonable range, and raising the quality and performance of the economy.

CFAA, a Chicago-based organization, was founded in 2009 and committed to enhancing financial exchanges and cooperation between China and the US.