Chinese Premier confident growth to remain in reasonable range

FXStreet (Łódź) - Ahead of the release of Chinese Q2 GDP numbers on Wednesday, Premier Li Keqiang expressed confidence that the result would show that the economy continued growing at a reasonable pace.

Speaking on Chinese state TV on Monday Li Keqiang assured that mid to high level of GDP growth should be maintained.

He added however that the economy could experience downward pressure for some more time and stressed that the authorities must take targeted measures to reduce companies' financing costs.