China's Premier Says Country's Economy Improving

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China's Premier Says Country's Economy Improving

by Wochit 0:50 mins

China's Premier Says Country's Economy Improving

by Wochit 0:50 mins

China's premier said on Monday, the country's economy improved in the latest quarter but faces "downward pressure," and Beijing will increase the strength of targeted policy measures to shore up growth. Premier Li Keqiang said, "China's economic performance in the second quarter has been improved from that in the first quarter. However, we cannot lower our guard against downward pressure." Chinese leaders are trying to guide the economy toward self-sustaining growth based on domestic consumption, rather than exports and investment. The premier and other leaders have ruled out an across-the-board stimulus but have tried to head off politically volatile job losses with more spending on building railways and other public works.

Wochit

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