Article KZTG Chinese economy is under pressure but will not slump, says premier Li Keqiang

Chinese economy is under pressure but will not slump, says premier Li Keqiang

by
Reuters
from Economics | The Guardian on (#KZTG)

Despite another slew of poor data sending stock markets down, Beijing will meet its 7% growth target and promises it will never start a currency war

China's economy faces challenges and downward pressures but there is no risk of a hard landing as the government is fully capable of supporting growth, premier Li Keqiang said on Thursday.

Related: Canada and Australia feel the squeeze in wake of Chinese economic slowdown

Related: The Guardian view on China's meltdown: the end of a flawed globalisation | Editorial

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