Economy firm despite slowdown in growth

China's economy remains resilient, despite the nation's gross domestic product growing last year at its slowest rate for two decades, former central bank governor Zhou Xiaochuan said on Tuesday in London.

"Because the (Chinese) policymaker is quite pragmatic, and China is still a quite high-saving country - the saving rate now is still 45 percent of the GDP - so we have the resources to carry on the reform and correct the mistakes we made by ourselves," Zhou said in a speech at The Royal Institute of International Affairs, which is commonly known as Chatham House.

Zhou said China should study Japan carefully to ensure it does not encounter similar problems.