From the People's Daily (via MNI):
Chinese Premier Li Keqiang repeated that China needs at least 6.5%growth over the next five years in order to realize the goal of building a moderately prosperous society
- Says maintaining a medium to high growth rate is a long term task
- Says the process of economic rebalancing will be difficult and painful
- But said China's new industrialization, urbanization and agriculture modernization had great potential to fuel economic growth
- Says China's savings ratio is still very high
- There are enough funds in the economy, which would help boost investment
- China's infrastructure is still weak
- Government will increase investments in railways and highways in central and western China, water projects, public housing and underground pipelines
