Nation capable of hitting growth targets, Li says

Premier Li Keqiang said China will carry out reforms and use macroeconomic tools in the next four months to ease downward pressure and ensure the economy can meet its annual growth targets.

The reforms include administrative streamlining, delegation of power, more efficient investment and public goods supplies, and efficient use of fiscal resources to scale up support for the real economy and emerging industries.

"In the four months ahead, we will coordinate efforts to stabilize growth and promote reform. ... We have all the confidence, ability and resources to realize the major goals of China's economic development in 2014," the premier said in a keynote speech at the opening ceremony of the World Economic Forum in Tianjin on Wednesday.