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China's Li says basis of economic recovery 'fragile,' promises market-opening reforms

BEIJING, China - Premier Li Keqiang said Wednesday the basis of China's economic recovery is still fragile and promised to promote growth by opening markets to private competition and improving the investment climate for foreign companies. China's economic fundamentals are stable but the global economy faces a "complex situation," said Li in a speech at a meeting of the World Economic Forum in the northeastern city of Dalian. His comments were broadcast live on national television.

China to maintain steady growth in second half

China's economy will continue to grow at a steady rate during the second half of this year despite "extremely complicated domestic and international conditions", the government said Tuesday. Leaders of the world's number two economy will "coordinate the tasks of stabilising growth, restructuring the economy and promoting reforms", according to a statement from the Political Bureau of the ruling Communist Party's Central Committee. The announcement came after a meeting of the politburo attended by President Xi Jinping, the state news agency Xinhua said.

China will maintain policy continuity: Premier Li

BEIJING (Reuters) - Chinese Premier Li Keqiang said on Thursday the government will keep policy stable and make macro-controls more targeted and forward-looking to stabilize economic growth. The state television quoted Li as saying China's economy was generally stable in the first half of this year and main economic indicators were within "reasonable range". Data on Monday showed that China's annual gross domestic product growth slowed to 7.5 percent in the second quarter, the ninth slowdown in the last 10 quarters.

Obama calls for 'new model' at China summit

US President Barack Obama and Chinese President Xi Jinping pledged Friday to look for a new way of cooperation as they started a weekend of talks on a slew of disputes. Obama welcomed the Chinese president to the sprawling Sunnylands resort in sun-scorched southeastern California, the first encounter between the leaders since Xi took full power in the rising Asian power in March.

Xi's 'Chinese dream' aims to boost party: analysts

New leader Xi Jinping has urged China to pursue the "Chinese dream" but experts say behind the grandiose words, he is single-minded in his aim to bolster Communist Party rule. The president faces myriad challenges from pollution and graft to territorial spats, unsteady growth in the world's number two economy, and widespread inequality bringing the threat of social unrest.

China's new president calls for 'great renaissance'

China's new President Xi Jinping will fight for a "great renaissance of the Chinese nation", he said Sunday as the world's most populous country completed its once-in-a-decade power transition. In his first speech as head of state, Xi called for "the continued realisation of the great renaissance of the Chinese nation and the Chinese dream", laying out a vision of a stronger military and ever-higher living standards.

China's new president calls for 'great renaissance'

China's new President Xi Jinping said Sunday he will fight for a "great renaissance of the Chinese nation", as the world's most populous country completed its once-in-a-decade power transition. In his first speech as head of state, Xi called for "the continued realisation of the great renaissance of the Chinese nation and the Chinese dream", laying out a vision of a stronger military and ever-higher living standards.

China President Xi calls for 'great renaissance'

China's newly-installed President Xi Jinping said Sunday he would fight for a "great renaissance of the Chinese nation", in his first speech as head of state of the world's most populous country. Xi called for "arduous efforts for the continued realisation of the great renaissance of the Chinese nation and the Chinese dream", in a speech to delegates at the National People's Congress (NPC) parliament meeting in Beijing.

China's Li vows to cut bureaucrat numbers

China will cut the number of officials and drive down costs involved with running the world's most populous country, Li Keqiang vowed on Sunday at his first news conference as premier. Amid widespread popular anger at officials in the ruling Communist Party profiting from their positions, Li said Beijing would "lead by example" in enforcing wide-ranging cost-cutting measures. "The number of people on the government's payroll will decrease, not increase," Li said at a press conference arranged for the end of China's parliamentary sessions.

China president Xi calls for 'great renaissance'

China's newly-installed president Xi Jinping said Sunday he would fight for a "great renaissance of the Chinese nation", in his first speech as head of state of the world's most populous country. Xi called for "arduous efforts for the continued realisation of the great renaissance of the Chinese nation and the Chinese dream", in a speech to delegates at the National People's Congress parliament meeting in Beijing.
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