China's PM Li Keqiang speaking:
- Global trade growth is weak
- Brexit has increased uncertainty in the global economy
- Structural reforms needed for global economic recovery
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- China maintains stable growth
- China growth relatively stable in Q2
- Confident China will achieve main economic growth targets in 2016
- Ways will be no hard landing
- Government debt levels manageable
- To keep prudent monetary policy
- Economy still faces relatively big downward pressure
- Foundation for stable economic growth in China not solid yet
Li is still going on. Nothing surprising in his comments so far.
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- No basis for long-term yuan depreciation
