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Adding to his earlier comments, China’s Premier Li Keqiang said that the global economy could face downward pressure but China has many policy tools to overcome difficulties.

Key quotes:

   “¢   Says that China opposes unilateralism and protectionism.
   “¢   There are growing doubts in some parts of the world about free trade.
   “¢   China’s economy faces downward pressure.
   “¢   But China has many policy tools to overcome difficulties.
   “¢   China will not resort to forceful stimulus.
   “¢   Will implement proactive fiscal policy and push forward with tax cuts.
   “¢   Monetary policy will consider funding difficulties faced by small firms.
   “¢    China will not resort to competitive currency devaluation.
   “¢   China able to keep Yuan basically stable.
   “¢   China will implement tax cuts on a larger scale.