Chinese Premier Li Qiang said Tuesday his country was still ...
Chinese Premier Li Qiang said Tuesday his country was still on track to reach its annual growth target of around 5%.
He said growth in the second quarter was expected to be faster than it was in the first.
China’s economy grew by 4.5% in the first quarter, better than expected. However, subsequent data have pointed to slower growth. Economic data for May missed analysts’ expectations.
“From what we see this year, China’s economy shows a clear momentum of rebound and improvement,” Li said, via a livestream of an official English translation.
Li was speaking at the opening plenary of the World Economic Forum’s Annual Meeting of the New Champions.
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