The declaration was made by Premier Li Qiang on Tuesday at the start of the annual National People’s Congress (NPC).
Mr. Li stated that many of the “difficulties” that have plagued China’s economic performance “yet to be resolved.”
It occurs while China tries to revive its once robust economy.
“Risks and potential dangers in real estate, local government debt, and small and medium financial institutions were acute in some areas,” he stated. “Under these circumstances, we faced considerably more dilemmas in making policy decisions and doing our work.”
