Premier Li Urges Coastal Powerhouses To Stabilise Growth-Xinhua

China's economy is recovering but the foundation is not solid and arduous efforts will be required, said Premier Li Keqiang during a Thursday meeting with officials from five coastal regions, Xinhua News Agency reported. The five coastal powerhouses, including Shanghai, Jiangsu, Zhejiang, Fujian and Guangdong, account for over one third of the nation’s economy and nearly 40% of the country’s overall fiscal income. They need to continue shouldering the responsibility of helping the economy grow and ensuring China’s fiscal strength, Li was cited as saying. These areas should work hard to stabilise employment as they provide jobs for about 70% of China’s migrant workers, Xinhua said citing Li.