PBOC's Zhou says China managing to slow economy

China's central bank Governor Zhou Xiaochuan said Sunday that progress in efforts to cool the country's booming economy has been satisfactory but he could take additional measures if they yielded few results.

People's Bank of China Governor Zhou also told Reuters that China planned to continue reforming its macro-economic situation step-by-step.

"China's economy is in the process of soft-landing. Up to now it is quite encouraging. (Measures to cool down the economy) are certainly working," he s