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Downward economic slide unlikely to end soon – China’s Premier Li

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 27, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Mumbai) - Chinese premier Li Keqiang said today that the downward slide in China’s economy is likely to continue and unlikely to end any time soon.

    Li said the country's economy is at a key stage of structural adjustment and rebalancing which will involve both pain and hope.

    Key Quotes

    Government will keep economic growth within a reasonable range but more importantly, it needs to focus on employment, income and the environment indicators.

    The most important tasks are to shift the economic growth model to one that is people-centered rather than focused on natural resources exploitation, and to push for innovation and mass entrepreneurship.

    Government is determined to push forward industrial upgrading in an orderly but forceful manner, with current focus on closing excess capacity in the steel and coal industries.
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