China's economy operating in reasonable range

China's economy is operating within a reasonable range with growth at 7.4 percent, better employment and a 2.3 percent inflation in the first half of the year, Premier Li Keqiang said on Tuesday.
"The country is on track despite fluctuations in some economic indicators," the state Xinhua News Agency quoted Li as saying to entrepreneurs on the eve of the summer meeting of Davos forum in north China's Tianjin Municipality.
"It is inevitable that the economy experiences short-term fluctuations, such as in electricity consumption, shipment volume and lending, while still operating within reasonable range," the premier was quoted as saying.
"The global economy is in a difficult recovery with some key economies performing poorly. China's economic development has problems as well. The government will continue its macro-economic policies," he said. In the first eight months, new urban jobs reached nearly 10 million, slightly below the yearly target. China's GDP in the first half of 2014 rose 7.4 percent from the same period last year, which was below the government-set 2014 growth target of 7.5 percent, the National Bureau of Statistics said.