China's economy will not have a hard landing and will maintain medium to high growth in the long run, Premier Li Keqiang said on Wednesday.
Speaking during a visit to London, Li said he expected China's economy, the world's second largest after the United States, to grow at a minimum of 7.5% and the Consumer Price Index to grow by not more than 3.5%.
He said Beijing would not resort to "strong stimulus" but would rely on targeted measures to ensure growth was met.
"There have been some discussions saying that the Chinese economy is slowing down, they are worried whether the Chinese economy will head to a hard landing. Here I will be very frank and I will also make this point very solemnly: this will not happen," Li said.
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