of non-performing loans, that many of the giant infrastructure projects the country embarked on since the global financial crisis was overloaded with crushing debt and lower than expected revenues, and the increasingly large wealth gap. Under these circumstances, Li was said to have responded with what became known as "Likonomics", a term coined by economists at the investment bank Barclays Capital. Likonomics consisted of a three-prong approach that included the across-the-board reduction of debt, an end to massive stimulus practices of the Wen Jiabao government, and structural reforms. However, by 2014, global economic pressures and a decrease in demand of Chinese exports led to lower than expected economic growth rates. Year-on-year GDP growth amounted to less than 7.5% for the first time since 1989. Li's government then responded with tax cuts for small businesses, renovation projects of poor urban areas, and another round of rail construction, particularly focused on the country's interior. After the announcement of comprehensive reforms at the Third Plenum in 2013, Li became a leading figure of the government's reform implementation efforts. The Third Plenum called for market forces to play a "decisive" role in the allocation of resources, ostensibly looking to decrease government regulation on the free market. In early 2014, Li said that local governments were still ineffective at following the central government's reform directives, and that some governments meddle in affairs they shouldn't be involved in, and some don't pay attention to things they should be doing. Li emphasized that the success of reforms came down to "execution and implementation", and criticized local governments for failing to act in support of reforms. Foreign affairs Li Keqiang made his first foreign visit to India on 18 May 2013 in a bid to resolve border disputes and to stimulate economic relations. He said the choice of India as the first international visit highlights Chinese importance in its relations with the country. During prime minister Narendra Modi's visit to China in 2015, Li and Modi took a selfie together at the Temple of Heaven. During his visit to Pakistan, Li met with the country's top leadership and expressed his views: "As Pakistan's closest friend and brother, we would like to provide as much assistance as we can for the Pakistani side". Li also visited Switzerland and Germany on his first Europe trip, and met with the two countries' leaders. United States lieutenant general H. R. McMaster wrote