China’s Premier Li Sees Ongoing Downward Pressure on Economy

China’s Premier Li Keqiang said on Wednesday downward pressure still existed in its economy despite it operating within a reasonable range and some leading indicators demonstrating a positive trend.

China’s factory activity hit multi-month highs in June, official and private surveys showed on Monday, reinforcing signs that the world’s second-largest economy is steadying as the government steps up policy support.

Li gave no figures or details and few direct quotes in the comments on the Chinese government’s official website, but also addressed the disconnect between government finances and the difficulty of business getting financing.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.