Chinese economy shows a decent start in 2016
Li Keqiang, China’s Premier, told a forum held in Boao, that Chinese economy is demonstrating a good start this year.
The statesman added that in China employment is stable enough, though different industries as well as regions demonstrated different performances, nevertheless, the country’s economy is boasting sufficient growth.
The premier point out that in China consumption’s growing at quite impressive rates. Additionally, there’s much room left to successfully develop central as well as western regions in this Asian country.
Li also stressed that China boasts a couple of deep-rooted problems. The national economy is expected to undergo through a series of painful and absolutely inevitable restructures.
Besides this, the statesman informed that China features enough effective policy tools to ensure rather a stable economic performance. However, one can’t neglect the country’s relatively high debt-GDP ratio.
Finally, he added that China’s authorities relish a though of easing tax as well as paperwork burdens on companies.