Premier Li: China can still reach 2017 growth target despite risks
China aims a 6.5% of growth in 2017 following last year’s 6.7%, which has been the slowest rate within the last 26 years.
Premier Li also pointed out that China’s economy was able extend the first quarter’s steady and improving momentum to the second quarter and the country is ready to confront all possible economic challenges and risks.
Although China’s economy posted a 6.9% of growth in the first quarter of this year, several factors including stricter monetary policies coupled with the slowdown of investments and housing market are supporting expectations towards a loss of momentum in the months ahead.
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