>>REAL-TIME UPDATES IN THE WIRE. CLICK HERE<<<
China will strengthen the coordination of various policies to boost economic growth and meet this year’s economic target, according to a cabinet meeting chaired by Premier Li Qiang on Wednesday.
The country will continue to introduce policies for boosting consumption and promoting investment, Li said.
His remarks came a day after China reported disappointing data for July, prompting analysts to warn of rising downside risks to the country’s gross domestic target of around 5% growth. GDP rose by 5.5% in the first half of the year from a year ago.
Li called for expanding domestic demand and boosting consumption and said efforts should be made to combine security with development.
Its only mention of employment called for using “multiple channels” to increase jobs. But there was no mention of the property market.