In his speech at the 2015 World Economic Forum meeting in Davos, Chinese Premier Li Keqiang acknowledged that China’s economy is facing strong headwinds. Can Chinese leaders make good on Li's pledge to stabilize growth?
BERLIN – In his speech at the 2015 World Economic Forum meeting in Davos, Chinese Premier Li Keqiang acknowledged that China’s economy is facing strong headwinds. Annual GDP growth in 2014 was 7.4%, the lowest rate since 1990. But, to stabilize economic growth, he pledged that China will “continue to pursue a proactive fiscal policy and a prudent monetary policy.”
BERLIN – In his speech at the 2015 World Economic Forum meeting in Davos, Chinese Premier Li Keqiang acknowledged that China’s economy is facing strong headwinds. Annual GDP growth in 2014 was 7.4%, the lowest rate since 1990. But, to stabilize economic growth, he pledged that China will “continue to pursue a proactive fiscal policy and a prudent monetary policy.”