China’s growth to be higher in Q2, projected to hit annual 5% target Premier Li

News Snapshot:

TIANJIN, China, June 27 (Reuters) - China's economic growth in the second quarter will be higher than the first and is expected to reach the annual economic growth target of around 5%, China's Premier Li Qiang told delegates at the World Economic Forum in Tianjin on Tuesday. As factory output slows amid weak external and domestic demand, Li said: "We will launch more practical and effective measures in expanding the potential of domestic demand, activating market vitality, promoting coordinated development... and promoting high-level opening to the outside world." However, analysts are now downgrading their economic growth forecasts for China for...