Growth better but risks persist – Li

Comment on this story

China’s economy improved in the latest quarter but faced “downward pressure”, Premier Li Keqiang said yesterday.

Li said the government would avoid introducing “strong stimulus” but increase the strength of targeted measures to shore up growth.

Speaking at a news conference with visiting German Chancellor Angela Merkel, Li promised to push ahead with market-opening reforms.

China’s economic growth slowed to 7.4 percent in the first quarter over a year earlier. Li gave no indication how much stronger growth in the three months to June might have been. The second-quarter gross domestic product data are due out next week.

“China’s economic performance in the second quarter has been improved from that in the first quarter. However, we cannot lower our guard against downward pressure,” Li said. – Sapa-AP

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines