China's economy not headed for 'hard landing': Li

Davos, Switzerland

CHINA'S Premier Li Keqiang sought on Wednesday to allay fears over the Asian giant's growth outlook, telling business and government elites gathered in Davos that the economy is not heading for a sharp slowdown.

A day after China posted the weakest growth in almost a quarter of a decade, Mr Li vowed to push on with structural reforms which he said would deliver "quality growth" rather than just a high top-line figure.

"What I want to emphasise is that regional or systemic financial crises will not happen in China and that the …