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  • Aug 23, 2014
  • Updated: 11:59am

Li Keqiang

Li Keqiang, born in 1955, became China's premier in March 2013. Like ex-president Hu Jintao, his power base lies with the Communist Youth League, where he was a member of the secretariat of the league’s central committee in the 1980s and later in the 1990s the secretariat’s first secretary. His regional governance experience includes a period as vice party boss, governor and party boss of Henan province between 1998 and 2003 and party boss of Liaoning province beginning in 2004. He became vice premier in 2008. Li graduated from Peking University with a degree in economics. 

NewsChina
Chinese economy

China to meet this year’s 7.5pc growth target: Li Keqiang

PUBLISHED : Monday, 16 June, 2014, 9:47am
UPDATED : Monday, 16 June, 2014, 7:09pm

China is confident it will hit its growth target of 7.5 per cent this year, Chinese Premier Li Keqiang said on Monday, adding the government was ready to adjust policy to make sure it does.

Writing in Britain’s The Times newspaper on the eve of his visit to London, Li said slowing growth in the world’s second-largest economy was normal and not a problem.

"China’s economy needs to grow at a proper rate, expected to be around 7.5 per cent this year," Li wrote. "It is slower than the past, but normal."

"Despite considerable downward pressure, China’s economy is moving on a steady course. We will continue to make anticipatory and moderate adjustments when necessary. We are well prepared to defuse various risks. We are confident that this year’s growth target will be met."

A Reuters poll in April forecast China’s economic growth could slow to 7.3 percent in the second quarter from a 18-month low of 7.4 percent in the previous quarter, with full-year growth of 7.3 percent in 2014, the weakest in 24 years.

Li has previously signalled some flexibility in achieving this year’s growth target although analysts say the government wants to prevent growth from falling towards 7 percent, as that could fuel job losses and threaten social stability.

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sipsip1238
When the numbers are pre-determined and made up, it's a little hard to not hit your targets.
 
 
 
 
 

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