China's economy will face more than a few bumps along the road in 2019. Photo: iStock

China’s development environment this year is more complicated and challenging amid the increasing downward pressure on the economy, and the government’s work will be arduous, said Premier Li Keqiang in the State Council executive meeting on Monday, reported.

China must deepen its reforms and open up more to stimulate the economy and rely on a vigorous market to cope with downward pressure and keep growth in a reasonable range, Li pointed out.

The government must take measures to stabilize economic growth, promote supply-side reform, adjust the economic structure, improve people’s livelihood and prevent risks, Li emphasized.

Meanwhile, the government must further optimize the business environment for companies, achieve new growth momentum, expand the domestic market, and promote the coordinated development of industries and regions, he said.

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