World Economy

China’s Appropriate Range

China’s Appropriate RangeChina’s Appropriate Range

Chinese Premier Li Keqiang has issued assurances over his country’s economy after global markets were unsettled by concerns over its slowing growth,AFP reported. Top global markets ended the week largely recovered from China-induced panic selling, but market watchers remain worried the turmoil in the world’s number two economy will drag down global growth. However, a report by the official news agency Xinhua on Saturday quoted Li as saying “the Chinese economy is operating within an appropriate range and China continues to lead the world in terms of growth”. He added that “in the context of complex and changing situations abroad and deep-rooted problems at home, we pressed ahead with progress while ensuring stability with sustained efforts for structural reforms and targeted macro-regulation measures”.