Li: Growth of 6.9 percent expected teal wristbandsfor 2017
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China"s economy is expected to show growth of 6.9 percent for 2017, Premier Li Keqiang said on Wednesday.
Li made the remarks when addressing the Lancang-Mekong Cooperation Leaders" Meeting in Phnom Penh on Wednesday afternoon. The meeting was joined by leaders of Cambodia, Laos, Thailand, Myanmar and Vietnam.
China"s foreign reserves continued to increase in the past year, and the country"s corporate leverage debt ratio has declined steadily, Li told leaders from the five countries.
The surveyed unemployment rate for 2017 has been the lowest in recent years, and household income, as well as fiscal income, has increased steadily over the past year, while the bond and stock markets as well as the real estate market remained stable, Li said. He added this is because China has been consistent with its supply-side structural reform and is not using a strong stimulus to boost growth.
Li will wrap up his two-day visit to Cambodia on Thursday.