Chinas economic problems are more serious than expected? Li Keqiang: It will not slip out of the reasonable range.

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 Chinas economic problems are more serious than expected? Li Keqiang: It will not slip out of the reasonable range.


Li Keqiang: We will not let the economic operation slip out of the reasonable range (Source:)

Li Keqiang, Premier of the State Council, met with Chinese and foreign journalists interviewing the second session of the 13th National Peoples Congress at the Golden Hall on the third floor of the Great Hall of the People and answered their questions.

Reuters:

Hello, Premier. Last year, China took a series of measures to relax monetary conditions. China also increased tax and fee reduction efforts. This year, China said it would further relax monetary conditions, further tax and fee reduction, and increase investment in infrastructure. Is the problem facing Chinas economy more serious than previously thought? If the economic slowdown continues, will China consider taking more forceful measures? Including the removal of real estate restrictions and the reduction of benchmark interest rates?

Li Keqiang:

This journalist friend likes to go straight, so Im open. Chinas economy has indeed encountered new downward pressure. Now the world economy is slowing down. During this period of more than a month, several international authorities are lowering their expectations of world economic growth. China moderately lowers its expected growth target by interval regulation. It not only links up with last years economic growth, but also shows that we will not let the economy slip out of a reasonable range. It can be said that the signal to the market is stable.

Last year, under the strong leadership of the CPC Central Committee with Comrade Xi Jinping as its core and under the guidance of the socialist ideology with Chinese characteristics in the new era of Xi Jinping, the whole country worked hard to achieve a 6.6% growth rate in the process of pushing forward the structural reform on the supply side and in the face of the rise of international trade protectionism. The total amount reached 90 trillion yuan. On this basis, this years growth is expected to be 6% - 6.5%. This is a high-base, large-scale growth, which can be said to be in itself.