(MENAFN) China's economic growth quickened in the second quarter from the previous three months, but further modest government support measures will still be needed, Premier Li Keqiang said yesterday, The Peninsula Qatar.
Speaking at a news conference with German Chancellor Angela Merkel, who is visiting Beijing, Li said the Chinese economy still faces downward pressure and that the government will increase its usage of targeted measures to boost growth.
His cautiously optimistic remarks may boost market confidence ahead of China's second-quarter economic report due on July 16. Analysts polled expect China's growth for the April-June period to have steadied at 7.4 percent.
"China's economic performance in the second quarter has improved from that in the first quarter. However, we cannot lower our guard against downward pressures," Li said.
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