What's in store for China's slowing economy?

China’s National People's Congress meets to set out economic agenda.


As the world's second largest economy, China has a powerful influence over global markets.

So when its premier says the Asian superpower faces a "difficult battle" ahead, it does not bode well for the rest of the world.

Li Keqiang estimates Chinese economic growth over the next few years will be slower than last year, which saw its weakest growth in a quarter of a century.

China is aiming for an average economic growth at or above 6.5 percent for the next five years as the government seeks to balance deep structural reforms and weakening global trade.

The numbers were announced on Saturday during the annual gathering of the National People's Congress in Beijing.