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Eyes on China's next steps as fears of economic hard landing grow
Published Sun, Sep 13, 2015 · 09:50 PM
Shanghai
WHEN Chinese Premier Li Keqiang sought to reassure business leaders that the world's second-largest economy can stave off a hard landing, he acknowledged mounting fears of exactly that, and analysts say the adjustment to slower growth will be painful.
Just six months ago, Mr Li set a 2015 economic growth target of "around 7 per cent", confidently telling lawmakers that the economy was adjusting to a "new normal".
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