Chinese Premier Li Keqiang meets the press at the Great Hall of the People after the conclusion of the second session of the 13th National People's Congress on Friday morning.[Photo/China.org.cn by Zheng Liang]
CNBC/Reuters: It’s ‘very difficult’ for China’s economy to maintain 6% growth, says Premier Li Keqiang
* The world’s No.2 economy faced “certain downward pressure” due to slowing global growth as well as the rise of protectionism and unilateralism, Li said in an interview with Russian media.
Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of 6% or more because of the high base from which it was starting and the complicated international backdrop.
The world’s No.2 economy faced “certain downward pressure” due to slowing global growth as well as the rise of protectionism and unilateralism, Li said in an interview with Russian media which was published on the Chinese government’s website, gov.cn.
China’s gross domestic product (GDP) grew 6.3% in the first half of the year, and Li said the economy was “generally stable” in the first eight months of the year.
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WNU Editor: If oil spikes as predicted after Saturday's drone attack on Saudi Arabia's oil facilities, China's economy is going to severely impacted and any hope of a 6% GDP growth will be extinguished.
