NEWS： China's economy does face downward pressure
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Chinese Premier Li Keqiang said on Friday that China's economy is facing many uncertainties this year, and more preparations are needed. China has policy space, such as raising the deficit rate by 0.2 percentage points, which does not exceed the international warning line of the so-called 3%. It can also use quantitative or price-based tools such as deposit reserve ratio, interest rate and so on. This is not to relax monetary policy. It's about getting support for the real economy more effectively.
He pointed out at the press conference after the closing of the National People's Congress that China's economy has indeed encountered new downward pressure. This year, the expected target of economic growth has been moderately lowered in a way of interval regulation, which not only links up with last year's economic growth, but also shows that economic operation will not slip out of a reasonable interval. It can be said that the signal to the market is stable.
"(Last year's Chinese economy) can achieve 6.6% growth is really hard to come by. The total amount reached 90 trillion yuan. On this basis, this year's growth is expected to be 6% - 6.5%. This is a high-base, large-scale growth, which can be said to be in itself. Li Keqiang said.
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