China can't shoulder burden of global economy, says premier

Beijing

AS the world struggles to break out of a prolonged period of sluggish expansion, don't count on its No 2 economy to ride to the rescue.

That was the message from China's Premier Li Keqiang on the eve of a gathering of finance chiefs from the top emerging and developed economies. While China's contribution to the world will remain large, and serves as a stabiliser, the nation also faces long-term downward pressure, he said on Friday at a press conference in Beijing.