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Premier Li expresses confidence over China’s economy

The World Economic Forum’s ‘Annual Meeting of the New Champions’ has opened in the city of Dalian, in northeast China.

The three-day meeting — known as Summer Davos — attracts over 1,600 participants from more than 90 countries. World decision-makers and business leaders gather to share strategies and discuss global issues.

On Sept 9, Premier Li Keqiang held a discussion with WEF founder and executive chairman Klaus Schwab, and other attendees at the forum. Li said in a speech that amid a weaker global economic landscape, many institutions have lower expectations on the GDP growth. He called for a revived confidence over China’s economic trend.

“I want to tell everyone that the trend of China’s economy is featuring a slower yet more stable growth. It will move toward a bright outlook. However, difficulties remain. Generally speaking, opportunities outrun challenges. It’s the innovation and enthusiasm of startup entrepreneurs that boost our confidence to conquer the obstacles. We will reach this year’s major targets, and ensure a better outlook of China’s economy,” Li said.