China will adopt a series of measures to boost growth and slash corporate burdens, Premier Li Keqiang said during a meeting with provincial and municipal officials.
Premier Li Keqiang said at a symposium with provincial leaders on April 11 that China should continue to promote structural reform to maintain the stable growth of its economy.
China reported 254.6 billion yuan ($39.35 billion) in fixed investment in highways and waterways in the first quarter (Q1), the transport ministry said on April 19.
China can achieve at least 6.5-percent GDP growth in the next five years if everything goes as planned, said Sri Mulyani Indrawati, Managing Director of the World Bank.
An acceleration in China’s credit growth in the first quarter of the year was cyclical and temporary, a senior economist said.
With statisticians reporting good news about many aspects of the Chinese economy, one can be almost certain it will encounter fewer storms than last year.
The increase in producer prices in March adds to evidence of a stabilization in the world’s second-biggest economy.
The World bank said the regional outlook in Asia reflected China’s gradual shift to slower, more sustainable growth.
