18 Jun 2014
Chinese premier optimistic on China's economic growth
FXStreet (Łódź) - Speaking in London on Wednesday Chinese Premier Li Keqiang assured that China's economy should continue growing at a medium to high rate and that no hard landing was expected.
Minimum growth rate should be maintained at 7.5%, while inflation should not exceed 3.5%, the premier said. Growth would be supported by targeted measures such as further structural reforms, but no "strong stimulus" was planned.
Li Keqiang also commented on the recent conflict with Vietnam, saying that "territorial expansion is not in China’s DNA" and that Beijing was against using force in other countries' affairs.
Minimum growth rate should be maintained at 7.5%, while inflation should not exceed 3.5%, the premier said. Growth would be supported by targeted measures such as further structural reforms, but no "strong stimulus" was planned.
Li Keqiang also commented on the recent conflict with Vietnam, saying that "territorial expansion is not in China’s DNA" and that Beijing was against using force in other countries' affairs.