Chinese Premier Li Qiang said that China’s second-quarter economic growth will be higher than that in the first quarter.
Chinese Premier Li Qiang said on Tuesday that his country is on track to meet its annual growth target of around 5 percent.
In addition, the Prime Minister said that the growth in the second quarter is expected to be faster than in the first quarter.
China’s economy grew 4.5 percent in the first quarter, above expectations. However, subsequent data pointed to slower growth. Economic data for May did not meet analysts’ expectations.
“From what we’ve seen this year, the Chinese economy is showing a clear momentum of recovery and development,” Li said at the World Economic Forum summit in Tianjin.