Premier Li says Chinese economy faces greater difficulties in 2016

Big 5

China’s economy is facing greater difficulties and challenges in 2016 as the government forges ahead with structural reforms, state radio on Friday quoted Premier Li Keqiang as saying.

The government will keep economic growth within a “reasonable range” this year, Li said.

China’s top economic planner has said the government would target economic growth of 6.5 percent to 7 percent this year, confirming a Reuters report, and sources said the money supply and inflation forecasts were in line with that target.

source: Reuters