Recent economic data showing moderate growth in industrial production and investment seemed to have prompted Chinese leaders to institute more measures to keep the country's growth within range.

Chinese Premier Li Keqiang announced that China will step up investment and speed up construction plans this year in order to keep the country's growth at a reasonable range.

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Li said the government has to roll out approved plans to ensure domestic demands expand at a stable rate. He made the pronouncement as media reports claimed that China's economy is slowing.

Premier Li, however, did not elaborate on his statement, which made analysts to believe that the Chinese government is ready to stimulate the country's economy.

China is under pressure to achieve a 7.5 percent economic growth for 2014, a figure that was released by Chinese leaders early this year.

However, analysts and experts said a 7.5 percent growth could be very hard to achieve considering that the country's economy continues to show signs of a slowdown. China is also battling high labor cost, strong local currency, and pollution.

But experts said China has been considering ramping up state investments to shore up the economy. During the global financial crisis of 2008-2009, China approved 4 trillion yuan, or US$645 billion, of state investment to stimulate the economy.

The Chinese leadership has already started to institute financial reforms, including the further opening up of the country to international investors. Foreign investors can now own up to 30 percent of a Chinese company from the previous 20 percent.