China's economy can avoid hard landing: Premier Li

By Reuters

Sep 10, 2014 07:10 AM EDT

China's economy can avoid an sharp drop in growth, Premier Li Keqiang said on Wednesday as he promised to accelerate China's switch to an economic model driven by science and innovation.

Speaking at the World Economic Forum in the northern city of Tianjin, Li said China would continue to pursue structural reforms in its economy.

China's economy has had a bumpy ride this year. Growth slid to an 18-month low of 7.4 percent in the first quarter ticking up to 7.5 percent between April and June. But hopes that the recovery could gain traction were dashed in July when data revealed growth had stuttered again.

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