But the country's economic growth would still comfortably reach its full-year target of around 6.5 pct with the possibility of overshooting, Yi said, adding that he is comfortable with inflation levels.
And China's central bank governor Yi Gang called for "constructive solutions" to the damaging tiff, but insisted that Beijing was not devaluing its currency to gain trade advantages - a practice the International Monetary Fund this week called on members to avoid.
Christine Lagarde, managing director of the International Monetary Fund, said she is "horrified" at the disappearance and suspected killing of journalist Jamal Khashoggi but still plans to attend a conference in Saudi Arabia later this month. "When I visit a country, I always speak my mind. The strongest tool that we have to battle those challenges is the kind of solidarity that is embedded in multilateralism", he said. Focus on your policies.
The communique continues, "We acknowledge that free, fair, and mutually beneficial goods and services trade and investment are key engines for growth and job creation".
U.S. Treasury Secretary Steven Mnuchin has downplayed widely voiced concerns over the risks that trade tensions with China could disrupt the world economy.
In a statement released Thursday, the senior American official in Bali, Treasury Secretary Steven Mnuchin, pointed to relatively strong US economic indicators as evidence policies meant to nurture sustained growth are working.
Beijing and Washington have slapped tit-for-tat tariffs on each other and plans for bilateral trade talks to resolve the dispute have stalled, triggering a market rout and adding further pressure on China's already weakening economy.
Mnuchin said no decision had been made whether U.S. President Donald Trump would meet Chinese President Xi Jinping at the G20 leaders summit in Argentina at the end of November. Reports that such a meeting was likely raised hopes for progress on the impasse between the world's two largest economies, stilling disquiet on financial markets Friday.
Several senators, led by Republicans Bob Corker and Lindsey Graham, have triggered a US investigation into Khashoggi's whereabouts. "The president will decide".
Stepping up Chinese imports of USA goods and commodities such as liquefied natural gas won't cut it, Mnuchin said.
Asked about the tussle between Washington and Beijing over technology policy and trade, Argentine Finance Minister Nicolas Dujovne said the G-20 does provide a ground for discussing such issues. "This is not about buying more soybeans and buying more LNG".
If the relationship could be rebalanced, he said the U.S.
"Trade tensions.cause negative expectations, negative uncertainties", the People's Bank of China head told a seminar with other top central bankers on the Indonesian holiday island.