World economy still fragile and needs structural reforms, says Li
Beijing — The world economy is showing positive signs but is still fragile and countries should rely on structural reforms, not quantitative easing, to support growth, Chinese premier Li Keqiang said on Tuesday. Li, who met with the heads of global bodies, including International Monetary Fund MD, Christine Lagarde, and World Bank president, Kim Yong-jim, in Beijing, said that countries should maintain free trade. "There are increased positive factors in the global economy and signs of warming-up in some aspects, but at the same time, the fragility persists and unstable and uncertain factors are still increasing," Li told a joint news conference with the heads of international agencies. "Free trade is a good medicine for resolving problems. Through free trade, we can resolve many problems in the difficult recovery, help companies transform and give consumers more choices," he said. Turning to China, Li said the economy would remain steady and continue to improve. China’s economy gre...
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