Premier Li Keqiang said Chinas debt risks are generally controllable and that hes confident it can achieve its economic goals this year with growth in a reasonable range.
The economy has exceeded expectation and is looking more positive in the third quarter, though it still faces downward pressure, Li said in remarks before a conference in Macau. The country will lower its relatively high leverage ratio in the non-finance sector, Li said a day after several agencies released plans to tackle excessive debt. He added that hes confident that no systemic financial risk will occur.
“Growth momentum in the first half continued into the third quarter, with some positive signs,” Li said. “Theres been some discussion of risks related to Chinas …
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