Premier Li Keqiang: ‘China’s Economy Still Faces Severe Challenges’

At his news conference held yesterday, Chinese Premier Li Keqiang provided interesting insight into the new Chinese leadership’s economic policies.

His comments take on special importance given that equity markets around the globe have suffered significant falls over the past few days owing to the twin factors of the Ukraine crisis and the downbeat economic data coming out of China.

Lower GDP growth is okay

A key takeaway from the conference is Li’s statement, "We are not pursuing GDP growth alone." Of course, this should be read in context of his other remark that said, "The acceptable lowest...