Should use counter-cyclical measures 'more effectively': Chinese premier

China Photograph:( Reuters )

Reuters Beijing Nov 12, 2019, 06.33 PM (IST)

China should use counter-cyclical adjustment measures more effectively, Premier Li Keqiang said on Tuesday, amid increasing pressure on the world's second-largest economy.

China should also keep macro policies stable to ensure key economic targets for this year are achieved, said Li, in a statement about the meeting released on a government website.

China’s economic growth slowed to 6.0 per cent year-on-year in the third quarter, the weakest pace in at least 27-1/2 years, as demand at home and abroad faltered amid a bruising Sino-US trade war.

The country has set a target of 6-6.5 per cent growth for the whole of 2019.

The government will improve the use of local government special bonds and strengthen support for the real economy, the statement said.

China will also break hidden barriers to investment to improve the business environment, said the statement.