China’s Li Keqiang acknowledges slowing economic growth, but says Beijing has the ‘tools’ to cope with headwinds

China has “adequate tools” to tackle the economic challenges facing the country, including the nation’s current power crisis and high commodity prices, Premier Li Keqiang said on Thursday.Though economic growth has slowed in the third quarter due to a number of factors, the government was confident China could meet its growth target of “above 6 per cent” for 2021, Li said at the opening of the Canton Fair in the southern manufacturing hub of Guangzhou.“We have adequate tools in our toolbox to…


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