China Faces Many Challenges in Keeping Economy Stable, Li Says

China faces “many challenges” in keeping the economy’s development stable with new downward pressures emerging, Premier Li Keqiang said.

Authorities should strive to keep the economy operating within a reasonable range and ensure the overall employment situation is stable, Li said at a seminar with scholars and businessmen Friday, according to a report in state media Xinhua. He said “cross-cyclical” adjustments were needed to support growth.