Gov­ern­ment pos­sesses ‘many tools’ to han­dle any dif­fi­cul­ties it­may en­counter this year, he prom­ises

China Daily (Canada) - - ACROSS AMERICA - By XIN ZHIM­ING andWANG YANFEI

China is pro­jected to see steady growth without the like­li­hood of a hard land­ing, Premier Li Ke­qiang said at a news con­fer­ence on Wed­nes­day, adding that the na­tion re­mains “an im­por­tant growth en­gine” for the global econ­omy.

Li said China, for years, has achieved sus­tained growth thanks to im­prove­ments in con­sump­tion and industrial up­grades, and that will con­tinue.

On Tues­day, the na­tion re­leased higher-than-ex­pected re­sults in macroe­co­nomic data for the year’s first two months, in­di­cat­ing growth re­mains steady. The data sup­port an­a­lysts’ pro­jec­tions that the econ­omy will main­tain sta­ble growth mo­men­tum this year.

“I have con­tin­u­ally heard voices say­ing China would en­counter an eco­nomic hard-land­ing,” Li said. “How­ever, last year, de­spite the low­est global eco­nomic and trade growth in seven years, China main­tained medium and high rates of growth.

Mass entrepreneurship and in­no­va­tion

Ad­min­is­tra­tive stream­lin­ing

Gov­ern­ment work re­port

Hard land­ing (of the econ­omy)

Smog

“We will not suf­fer an eco­nomic hard land­ing. In­stead, we will main­tain medium and high rates of growth in the long run.”

Li saidChina will not adopt mass stim­u­lus mea­sures but will con­tinue to fuel growth mo­men­tum through deep­ened re­form.

China’s GDP growth tar­get for this year of “around 6.5 per­cent” is not low given China’s al­ready large eco­nomic scale, and would not nec­es­sar­ily be easy for China to achieve, he said.

China will re­main an im­por­tant con­trib­u­tor of global eco­nomic growth this year, he told re­porters af­ter clo­sure of the an­nual leg­isla­tive ses­sion. The

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