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.


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