China premier pledges to make country a 'consumption powerhouse'

Despite deflationary pressure, Li Qiang assures 'Summer Davos' on growth

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Customers shop for electronic gadgets at a mall in Shanghai in April. © Reuters

WATARU SUZUKI

SHANGHAI -- Chinese Premier Li Qiang on Wednesday brushed off worries over the country's economic slowdown, pledging stable growth in the face of deflationary pressures and trade turbulence.

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