Experts expect that China's consumer inflation will rise modestly and factory-gate inflation should trend down for the rest of the year, leaving room for further monetary easing in the coming months.
The administration has continuously strengthened its monitoring of the power supply and demand in each province so that it can respond in a timely manner when problems occur.
Speaking during the World Economic Forum Special Virtual Dialogue with Global Business Leaders on Tuesday, Li said that China can accept both a higher or lower economic growth rate as long as it can maintain relatively sufficient employment and ensure household incomes grow and prices are stable.
China's inflation is expected to remain mild and controllable this year, leaving room for macro policy fine-tuning and adjustment, experts and analysts said on Wednesday.
China has made significant progress in water conservation and in tackling the overexploitation of groundwater in the past seven years as a result of water management reforms implemented by central authorities, according to Water Resources Minister Li Guoying.