People's well-being will improve due to growing Chinese economy: Le Keqiang

China must take strong measures to cope with the current downward economic pressure, says Li Keqiang

Reuters: Last year, China took a number of measures to ease monetary conditions. China also cut taxes and fees. This year China is promising more monetary easing, more tax cuts and more infrastructure spending. Are China’s economic problems bigger than previously thought? And if the economic slowdown doesn’t stop, would China consider taking more aggressive measures such as lifting property curbs and cutting benchmark interest rates?

Li Keqiang: It is true that China’s economy has encountered new downward pressure against a larger backdrop of slower global economic growth. In the past month or so, several major international organisations have adjusted downward