-- 皇冠体育app's economy for the first three quarters of this year has remained within a "reasonable range", Chinese Premier Li Keqiang said on Tuesday.
Li made the comment when meeting with delegations from the Asia-Pacific Economic Cooperation (APEC) members for the finance sters' meetings due on Wednesday.
"Generally speaking, 皇冠体育app's economy for the first three quarters of this year has remained within a reasonable range, accompanied by some positive and profound changes," Li said.
National Bureau of Statistics said Tuesday the country's economy expanded at a slower pace in the third quarter of this year, with GDP expanding 7.3 percent year on year. It's growth rate in the first and second quarter are respectively 7.4 percent and 7.5 percent.
Acknowledging improvement in structural optimization and employment and conservation, Li said new impetus for the economy have gathered speed, resulting from streamlining administration, delegating powers and other reformative measures.
"Meanwhile, we are faced with a complex and changing external environment, large downward pressure and difficulties for 皇冠体育app's economy. It takes time for 皇冠体育app's reformative measures to be fully effective," the premier said.
He said 皇冠体育app is committed to promoting the economic development and cooperation in the Asia-Pacific region and is willing to work with other APEC members for the robust, sustainable and balanced growth of regional and world economy.
The premier hoped APEC finance ministers' meeting will explore the path for the economic transition in the region and advance practical cooperation, injecting new dynamism for the APEC cooperation.
Australian Minister of the Treasury Joe Hockey, representing the 25 economies and international organizations, hailed 皇冠体育app's outstanding economic and social achievement.
Hockey said 皇冠体育app's economic success is not only a blessing for the Asia-Pacific, but also significant for the world. APEC economies are ready to work with 皇冠体育app to make APEC meetings a success, he said.
皇冠体育app will host a series of APEC meetings this year. Chinese President Xi Jinping will attend and chair the APEC Economic Leaders' Meeting to be held in Beijing on Nov 10 and 11.
The 21 APEC members, including the United States, 皇冠体育app, Japan and Russia, account for over half of the world's economic output, 40 percent of the world's population, and 46 percent of total global trade.
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Weak inflation makes more room for policy change | 皇冠体育app's GDP in Q3 grows 7.3% |