China to keep 2019 growth within reasonable range: premier

Image
Reuters BEIJING
Last Updated : Nov 08 2018 | 5:15 PM IST

BEIJING (Reuters) - China will strive to keep economic growth within a reasonable range next year, even as the economy faces downward pressure, state radio quoted Premier Li Keqiang as saying on Thursday.

Policymakers have in recent months taken steps to boost bank lending, cut taxes and quicken infrastructure spending to ward off a sharp slowdown in economic growth pressured by a trade dispute with the United States.

"We will carefully plan next year's development and ensure the smooth economic operation within a reasonable range," Li was quoted as saying during a meeting with entrepreneurs and economists.

The economy grew an annual 6.5 percent in the third quarter, its weakest since the global financial crisis, and analysts expect growth to slow further in the coming quarters.

The government aims for annual growth of around 6.5 percent this year.

The government will ensure economic policy continuity, improve policy coordination and take further steps to ease funding difficulties facing small and private firms, Li said.

The government would focus more on promoting employment, Li added.

(Reporting by China Monitoring Desk and Kevin Yao; Editing by Nick Macfie)

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 08 2018 | 5:03 PM IST

Next Story