Premier assures business leaders on market stability

China will avoid steps that upset its capital markets, Premier Li Keqiang told foreign business leaders in a closed-door meeting Tuesday, according to The Wall Street Journal. His message, on the sidelines of the World Economic Forum meeting in Tianjin, appeared aimed at reassuring foreign investors worried about China’s economic slowdown and tentative progress on reform. It comes at a time when private investment in China is decelerating and markets have been rattled by Britain’s vote to leave the European Union. Economists expect China’s second-quarter growth to fall below the first quarter’s 6.7% level, already the slowest pace since the global financial crisis.