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DALIAN, June 27-- Chinese Premier Li Keqiang said Tuesday that China was fully capable of delivering the year's major growth targets, thanks to steady economic transition. The Chinese economy has become more stable and sustainable, and has made progress in restructuring and improving efficiency, Li said when addressing the opening of the Annual Meeting of the New Champions 2017, or Summer Davos, in Dalian. The government set the GDP growth target at around 6.5 percent for the full year, while pledging to pursue better results in actual economic work. In addition, China will keep its consumer price increase at around 3 percent and the registered urban unemployment rate within 4.5 percent. The world's second largest economy posted a forecast-beating growth rate in the first quarter, with GDP up 6.9 percent year on year, the quickest increase in 18 months. A number of financial institutions, including the International Monetary Fund, have upgraded their forecast on China as new impetus is accumulating and the economic re-balance is making headway. Li attributed the stellar performance to the country's ongoing economic restructuring. China neither took strong stimulus measures nor followed the old investment-driven and resources-reliant path, but strived to innovate and reform in its drive toward an economic shift to consumption and services, Li said. Consumption contributed 64.6 percent of GDP in 2016, while the tertiary sector accounted for 51.6 percent of the economic growth. | 
