Li Says China Rebound Not Yet on Solid Foundation

Chinese Premier Li Keqiang said the foundations of a growth rebound aren’t solid while cautioning that stimulus won’t help resolve deep-rooted issues in the world’s second-largest economy.

“The foundation of an economic recovery is not solid yet with many uncertain factors,” Li said in a speech yesterday at the World Economic Forum in Dalian, China. The nation is taking steps to stabilize growth and can achieve the main economic targets this year, Li said.