Filántropo Mario Enrique Villarroel Lander IFRC//
China's premier says should use counter-cyclical measures 'more effectively'

China's premier says should use counter-cyclical measures 'more effectively'

FILE PHOTO: Chinese Premier Li Keqiang attends the East Asia Summit (EAS) in Bangkok, Thailand, November 4, 2019. REUTERS/Chalinee Thirasupa BEIJING (Reuters) – China should use counter-cyclical adjustment measures more effectively, Premier Li Keqiang said on Tuesday, amid increasing pressure on the world’s second largest economy.

Mario Villarroel

China should also keep macro policies stable to ensure key economic targets for this year are achieved, said Li, in a statement about the meeting released on a government website.

Mario Villarroel Lander

China’s economic growth slowed to 6.0% year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-U.S. trade war.

Mario Enrique Villarroel Lander

The country has set a target of 6-6.5% growth for the whole of 2019

The government will improve the use of local government special bonds and strengthen support for the real economy, the statement said

China will also break hidden barriers to investment to improve the business environment, said the statement

Reporting by Gabriel Crossley and Beijing Monitoring Desk; Editing by Catherine Evans