Chinese Premier Li Keqiang on Wednesday warned that a “dysfunctional” real economy is the biggest threat to financial markets as he vowed to press on with industry restructuring while maintaining economic growth rates of 6.5-7 per cent.
Speaking at the end of China’s annual parliamentary meeting, Mr Li sought to reassure an anxious public that Beijing still has the firepower to meet its financial commitments despite economic ructions.
“There may be small ups and downs but we can employ innovative means to deploy macroeconomic regulation to keep within our targets,” Mr Li told reporters during his annual press conference. “A dysfunctional real economy represents the biggest risk to financial markets.”
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