Achieving the government's 5% GDP growth this year "will not be easy" as the external environment remains unpredictable and stabilising the economy is challenging, said China's new premier, Li Qiang, on Monday.

The high base effect of China's economy meant reaching 5% would require policy combinations to expand demand, stabilise the macro environment, and prevent systemic risks, Li said at a press conference.

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MNI BRIEF: China's 5% GDP Target Needs Policy Support-Li Qiang