Li Says China Can’t Shoulder Global Economy’s Heaviest Burden
- Lagarde calls for global policies to spur growth, before G-20
- World Bank chief Kim frets over anti-globalization sentiment
The China Effect: Parsing the Developing World's Growth
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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 stabilizer, the nation also faces long-term downward pressure, he said Friday at a press conference in Beijing.