Moderate growth needed to avoid hazards, Li says

A moderate level of economic growth is necessary to prevent multiple risks to the nation in 2015, Premier Li Keqiang said during his New Year's trip to Guangdong province, China's traditional economic powerhouse.

Li said the Chinese economy has to expand within a reasonable range, otherwise economic and social problems will emerge.

"It's like rocks being nearer the surface when the tide recedes," he said. "Ships could hit them."