Premier confident of 7% growth
Print Edition
PREMIER Li Keqiang is confident China can meet its 2015 economic growth target of around 7 percent.
China is set for its slowest growth in a quarter of a century this year and has rolled out a series of measures to shore up the economy and reduce the risk of falling short of growth targets.
“We have the ability and confidence to meet this target and to maintain medium-to-high speed economic growth,” Li said in Brazil where he announced trade, finance and investment deals worth tens of billions of dollars in energy, mining, aviation, Xinhua news agency reported yesterday.
China’s money supply grew at its slowest pace on record in April and investment growth sank to its lowest in nearly 15 years, suggesting the economy is still losing momentum despite interest rate cuts and other policy easing.
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