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Don’t Worry About China Growth Slowdown, Premier Li Tells Davos

China will avoid a hard landing and is focused on ensuring long-term medium-to-fast growth, Premier Li Keqiang told global leaders in Davos, after the country reported the slowest expansion since 1990.

While the economy will still face large downward pressures in 2015, China won’t have systemic financial risks and will seek to improve the quality of growth to ensure an “appropriate” pace of expansion, Li said Wednesday in a speech at the World Economic Forum in the Swiss ski town.