Chinese Premier Li Keqiang downplayed the need to boost stimulus to speed up the recovery of the world's second largest economy, but acknowledged that growth is facing "downward pressure."
To achieve the targets this year, the government must relay on market mechanisms as there is limited room to rely on stimulus policies and government direct investment, Li said in a speech on May 13. Market mechanism can adjust to general economic fluctuations, Li said in comments published on the government's website on May 14.
"But if you rely too much on government-led policies and investment, growth can be unsustainable and even pose new problems and risks" for the economy, he added.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.