Premier Li Keqiang looks to calm execs' nerves at WEF meeting

Premier Li Keqiang told executives at the World Economic Forum in Dalian that China had fended off the chief risks to its financial system, Reuters reported. “The government took measures to stabilize the market and prevent risks from spreading, we have forced out the possibility of any systemic risks,” Li said during a speech at the forum. He conceded that China’s economy faced downward pressures, but maintained there had been “overall stability in China’s economic performance in spite of a certain amount of moderation.” His comments followed word that China’s finance ministry would accelerate major infrastructure construction projects and reform the country’s tax system.