Chinese Premier Li Keqiang expressed confidence in the outlook for the world's second-largest economy on Wednesday, assuring there would be no hard landing as long as reforms continue.
Speaking at a lengthy news conference at the end of China's National People's Congress (NPC), an annual meeting of parliament, Li said supply-side reforms would unleash fresh growth drivers.
China has identified supply-side policies as a key pillar of its strategy to revive growth, which fell toa 25-year low in 2015, and arrest excess capacity in sectors including steel. The actions, aimed at improving productivity, include the long-awaited restructuring of state-owned enterprises (SOEs), cutting red tape and strengthening financial regulation.
Beijing is targeting 6.5 to 7 percent growth this year, and economists widely expect an array of fiscal and monetary stimulus, alongside these key reforms, to meet that target.
On Wednesday, Li said it was "impossible" for China to miss that goal despite doubts about Beijing's lofty ambitions. Strategists frequently attribute China's problems to 'the impossible trinity,' i.e. the notion that countries cannot simultaneously have a stable currency, free movement of capital and independent monetary policy.
Li did not address recent moves in the renminbi, which on Wednesday was guided lower against the dollar for the third straight session.
Economics aside, Li touched on a broad number of topics in conference, including foreign relations. Li said that disagreements among countries needed to be resolved through peaceful, diplomatic means, adding that China needed a peaceful external environment to support its economic development.