China will keep economic growth at “appropriate” levels this year, the country has said after coming off its slowest year in over two-and-a-half decades.
The government will ensure that the economy will weather risks and challenges, Chinese Premier Li Keqiang said yesterday, local press reported.
“China’s economy has enough resilience, potential and ample room for growth, especially with a huge domestic market and rich human resources of nearly 1.4bn people,” Li told foreign experts working in China according to state news agency Xinhua.
“Therefore, we are fully confident and capable of keeping economic growth rate within an appropriate range in spite of multiple risks and challenges in 2019,” he said.
China, which is the world’s second largest economy, grew by 6.6 per cent in 2018, its slowest rate since 1990, as the country’s trade war with the US and faltering domestic demand dented growth.
Li seems confident the country can grow further, however economists polled by Reuters said they expect the economy to slow down even further to 6.3 per cent this year.