Premier Li Keqiang said on Wednesday regarding China Economic:
- China will participate in regional free trade pacts, Li said at his annual news conference at the end of the annual meeting of China's parliament.
- China aims to cut taxes and fees for companies by 1 trillion yuan ($144.65 billion) this year, Premier Li Keqiang said Wednesday.
- Premier Li Keqiang said on Wednesday that forecasts of a hard landing for the world's second largest economy should stop, though domestic and external risks remain and meeting the target of 6.5 percent growth for this year won't be easy.
- China needs to relocate nearly 1 million workers this year due to capacity cuts, Premier Li Keqiang said on Wednesday.
- China needs to push reforms as the economy still faces many challenges, but it will not allow mass layoffs to occur, Premier Li Keqiang said on Wednesday.
- Beijing does not want to see a trade war with the United States and urged talks between both sides to achieve common ground.
Reference: Reuters
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