From the AFR:
China will use infrastructure spending, private sector investment and business tax cuts to keep the economy growing around 6.5 per cent “or higher” this year as Premier Li Keqiang stressed in a keynote speech that stability was the government’s “overriding” priority ahead of November’s leadership reshuffle.
In his work report to the country’s annual session of parliament on Sunday, Mr Li slightly downgraded the country’s growth and money supply targets, signalling the government would do more to tackle problems such as high debt levels and industrial overcapacity.
