Chinese Premier Li Keqiang said on Wednesday that China’s economy would not suffer a hard landing and would continue to grow at a medium to high pace in the long term without strong stimulus.
Li made the comments during a speech in London’s financial district on the final day of a visit which has yielded trade and investment deals worth 14 billion pounds ($23.76 billion) and strengthened Britain’s bid to become the dominant centre for the Western trade in offshore yuan.
Li said he expected China’s economy, the world’s second-largest behind the United States, to grow at a minimum clip of 7.5 percent, confounding critics, including the International Monetary Fund (IMF), who say the country’s rapid growth may eventually falter.
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