️<unk>️<unk>️<unk>️  Beijing (CNN) China's premier on Sunday offered a sobering assessment of the world's second largest economy amid fears of a sustained slowdown but brushed aside concern that it could face a full-blown economic crisis. (Peking (CNN)) Premier of China on Sunday offered a sobering assessment of the world's second largest economy amid fears of a sustained slowdown but brushed aside concern that it could face a full-blown economic crisis. I don't deny that the Chinese economy is facing downward pressure and multiple risks,<unk>said Li Keqiang at a nationally televised press conference.<unk>"I don't deny that the Chinese economy is facing downward pressure and multiple risks,<unk>said Li Keqiang at a nationally televised press conference.<unk>"I don't deny that the Chinese economy is facing downward pressure and multiple risks", said Li Keqiang at a nationally televised press conference. "The key is to find the balance between stable growth and structural adjustments under the new normal (of slower growth) " (The key is to find the balance between stable growth and structural adjustments under the new normal (of slower growth) "We haven't adopted the policy of strong short-term stimulus in recent years - in other words... we still have plenty of tools in our toolbox", he offered. "We haven't adopted the policy of strong short-term stimulus in recent years - in other words... we still have plenty of tools in our toolbox", he offered. Earlier this month, the People's Bank of China - the central bank - cut interest rates to guard against deflation and the country set its lowest growth target in 25 years.<unk> Earlier this month, the People's Bank of China - the central bank - cut interest rates to guard against deflation and the country set its lowest growth target in 25 years. Li, the No. 2 leader in China behind President Xi Jinping, also promised a further streamlined government to strengthen the role of free market in the economy.<unk> Li, the No. 2 leader in China behind President Xi Jinping, also promised a further streamlined government to strengthen the role of free market in the economy.<unk> Li, the No. 2 leader in China behind President Xi Jinping, also promised a further streamlined government to strengthen the role of free market in the economy. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️ Li held the highly choreographed annual press conference - often the only occasion a senior Chinese leader faces the media - after China's rubber-stamp parliament approved the government budget and concluded this year's 10-day session. Li held the highly choreographed annual press conference - often the only occasion a senior Chinese leader faces the media - after China's rubber-stamp parliament approved the government budget and concluded this year's 10-day session. Li replied to questions from pre-selected journalists that focused on the economy and touched on the government's stance on the anti-corruption campaign, the environment and foreign policy. Li answered questions from pre-selected journalists that focused on the economy and touched on the government's stance on the anti-corruption campaign, the environment and foreign policy. ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk> ️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️<unk>️
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