• China can still meet 2014 GDP target of around 7.5%
  • Q2 growth improved from Q1
  • will further fine tune policy and help small firms
  • will not use big stimulus but will step up use of targeted measures
  • Chinese society and economy unstable

China’s Premier Li speaking at a press conference in Beijing alongside the visiting German chancellor Merkel

China’s economic performance in the second quarter has improved for that the first quarter. However we cannot lower our guard against downward pressure