(Corrects Q2 GDP release date in paragraph 2 to Wednesday, not next week) <\/p>\n
BEIJING, July 13 (Reuters) – Chinese Premier Li Qiang \u200ccalled on Monday for “a comprehensive and objective understanding” of the \u200ccurrent economic situation and for a stronger counter-cyclical adjustment, state broadcaster CCTV reported, amid \u200bsigns of slowing economic momentum. <\/p>\n
The government is due to release second-quarter GDP data on Wednesday. Analysts polled by Reuters expect China’s growth to slow to 4.5% in the second quarter from 5% in January-March, putting it \u200cat the lower end \u2060of Beijing’s official 4.5%-5% full-year target. <\/p>\n
“It is important to take a comprehensive and objective view of the current \u2060economic situation – fully recognising the achievements made while remaining clear-eyed about the problems,” Li was quoted as saying during a meeting with experts and entrepreneurs. <\/p>\n
Li \u200balso \u200bstressed that doing a good job \u200bof economic work in the \u200csecond half of the year was crucial to meeting this year’s economic targets, and called for maintaining strategic resolve in pursuing high-quality development. <\/p>\n
He said China should step up counter-cyclical adjustment, make full and effective use of existing policies, and study and prepare additional measures in advance \u200cto consolidate economic momentum. <\/p>\n
Investors are closely watching \u200ban expected late-July Politburo meeting for clues \u200bon fresh stimulus that could \u200bshape policy for the rest of the year. \u200cBut analysts expect no aggressive action \u200bunless growth slows \u200bmore sharply. <\/p>\n
Li said economic work in the second half of the year was directly linked to achieving the annual growth target, and \u200bcalled for stabilising \u200cemployment and releasing the potential for domestic demand, according to \u200ba meeting readout aired by CCTV. <\/p>\n
(Reporting by Yukun Zhang and \u200bKevin Yao; Editing by Alison Williams) <\/p>\n","protected":false},"excerpt":{"rendered":"(Corrects Q2 GDP release date in paragraph 2 to Wednesday, not next week) BEIJING, July 13 (Reuters) –…\n","protected":false},"author":2,"featured_media":762006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[28,110763,101,35707,326158,70981],"class_list":["post-762005","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economic-momentum","tag-economy","tag-li-qiang","tag-objective-view","tag-understanding"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/762005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/comments?post=762005"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/posts\/762005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media\/762006"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/media?parent=762005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/categories?post=762005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us\/wp-json\/wp\/v2\/tags?post=762005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}