Premier Li: China is experiencing a new downtrend this year

China's Premier Li Keqiang made worrying comments about the country's growth outlook in a Friday statement.

Premier Li: China is experiencing a new downtrend this year

Key quotes

"China has experienced a new downtrend this year."

It is difficult to maintain high-speed growth in such a large economy.

It is not easy to reach a goal of GDP growth of 5.5% by 2022.

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