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China is confident and capable of maintaining 7% growth

Updated: Jul 2,2015 6:40 AM

Chinese economy faces slowdown, however, we have relatively full employment, increasing income and an improving environment, Premier Li Keqiang said while giving a speech at the Organization for Economic Cooperation and Development on July 1.

“A 7 percent growth rate is acceptable,” said Li. China is intensifying directional controls, boosting mass innovation and entrepreneurship, and we have the confidence and capability to maintain 7 percent growth, he added.