Q3 performance: Economy improving, says China Premier

BEIJING: China’s economy performed better than expected in the third quarter and the country’s debt risks are under control, Premier Li Keqiang said Tuesday. Key indicators such as factory output, company profits and investment have rebounded, he said, while making a speech in Macau, ahead of China’s release of third-quarter gross domestic product (GDP) data on Oct 19. More than 10 million new urban jobs were created in the first nine months, with the survey-based jobless rate falling below 5% in September, he said, while acknowledging that the economy still faces downward pressure. China will be able to achieve its main economic targets this year and maintain medium- to high-speed growth, he said. The government is aiming for annual economic growth of 6.5-7% in 2016.

Published in The Express Tribune, October 12^th, 2016.

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