At 7 o’clock on Thursday morning, the Tokyo Stock Exchange’s broad index Topix and the Nikkei dropped 0.5 percent. Hong Kong Stock Exchange fell 1.2 percent.
CSI 300, a index composed of shares from the stock exchanges in Shanghai and Shenzen, fell by 0.7 percent.
Chinese Premier Li Keqiang said on Thursday that the quality of economic growth improved, state news agency Bloomberg.
According to Li Keqiang , China has enough tools to keep the economy stable. Furthermore, the Prime Minister stated that China’s goal, a GDP growth of over 6.5 per cent in the next five years, will be met, and to ensure positive signs of change this year, writes news agency Direkt.
Premier Li Keqiang also stressed that China will not devalue the currency the yuan to lift exports.
China has invested huge sums of money in including infrastructure but Li Keqiang says the country still needs a lot of investments in the Chinese central and western regions.
oil prices dropped since statistics on Wednesday showed that US crude oil inventories rose more than expected. Brent crude was noted just after seven in the $ 40.3 a barrel.
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