Chinese Premier Says Economic Growth Faster in Second Quarter

China’s economic growth quickened in the second quarter from the previous three months, but further modest government support measures will still be needed, Premier Li Keqiang said on Monday.

Speaking at a news conference with German Chancellor Angela Merkel, who is visiting Beijing, Li said the Chinese economy still faces downward pressure and that the government will increase its usage of targeted measures to boost growth.

He said authorities will further fine-tune policies in the world’s second-largest economy, which he is confident can meet the government’s 2014 growth target of around 7.5 percent.

via CNBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza