Chinese PM Offers Reassurance On Economic Problems

Economy
11/09/2015 10:24

Prime Minister Li Keqiang said that in spite of more poor economic data which sent stock markets lower, China will meet its 7% growth target for this year and will never start a currency war with the aim of having a devalued yuan making the country's exports more attractive. Conceding that China faces tough challenges and downward pressures, he said there is no risk of a hard landing as the government is fully capable of supporting growth.