China’s premier urges ’objective’ understanding of the economy

First publishedJul 14, 01:48 UTC

Last updatedJul 14, 07:27 UTC · 6m ago

101:48–02:00 UTC1 outletInvesting.com · Economy

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(Corrects Q2 GDP release date in paragraph 2 to Wednesday, not next week) BEIJING, July 13 (Reuters) - Chinese Premier Li Qiang called on Monday for "a comprehensive and objective understanding" of the current economic situation and for a stronger counter-cyclical adjustment, state broadcaster CCTV reported, amid signs of slowing economic momentum. The government is due to release second-quarter GDP data on Wednesday. Analysts polled by Reuters expect China’s growth to slow to 4.5% in the second quarter from 5% in January-March, putting it at the lower end of Beijing’s official 4.5%-5% full-year target. "It is important to take a comprehensive and objective view of the current economic situation - fully recognising the achievements made while remaining clear-eyed about the problems," Li was quoted as saying during a meeting with experts and entrepreneurs.

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