- Warning that China would struggle to meet its annual growth target of "around 7%" this year, Premier Li Keqiang announced today that the country is prepared to take action to stimulate the economy if needed.
- The government has a "host of policy instruments" at its disposal and will not hesitate to use them if the slowdown causes widespread unemployment or a drop in incomes, said Li.
- China's GDP dipped to 7.3% last quarter - its slowest rate in over two decades, while the country's central bank cut interest rates twice in the last four months.
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