China's Premier Li: Global trade growth is weak

27 June 2016, 05:48
Sherif Hasan

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
  • 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.

  • No basis for long-term yuan depreciation

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