China prioritises reform over break-neck growth

China’s leaders are focusing on reforms, cutting leverage and financial risks and opening up its financial market over the naked pursuit of economic growth, according to Premier Li Keqiang. These focuses could mean less stellar investment returns for investors over the short term but lower country risk over the long run, believe analysts and fund managers. In a speech at the beginning of its 15-day National People's Congress (NPC) on Monday, Li announced the government's GDP growt…