March 2014 International Economic Fundamentals
- Thread starter Ally
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Chinese premier admits economy faces 'severe challenges'
Chinese Premier Li Keqiang warned on Thursday that the economy faces `severe challenges` in 2014 ` comments that came as weak data fanned speculation the central bank would relax monetary policy to support stuttering growth.
Li, speaking at a news conference on the final day of China`s yearly parliament, hinted Beijing would tolerate slower economic expansion this year while it pushes through reforms aimed at providing longer-term and more sustainable growth.
Data released shortly after his comments suggested that tolerance may face an early test.
Read the full article here.
Chinese Premier Li Keqiang warned on Thursday that the economy faces `severe challenges` in 2014 ` comments that came as weak data fanned speculation the central bank would relax monetary policy to support stuttering growth.
Li, speaking at a news conference on the final day of China`s yearly parliament, hinted Beijing would tolerate slower economic expansion this year while it pushes through reforms aimed at providing longer-term and more sustainable growth.
Data released shortly after his comments suggested that tolerance may face an early test.
Read the full article here.