Sunday, May 25, 2014

Premier Li: Economy under pressure, needs policy fine-tuning

BEIJING, May 24 (Xinhuanet) -- Premier Li Keqiang said today that China’s economy remains under downward pressure, and needs some policy fine-tuning.

Li said during a visit to the northern region of Inner Mongolia that the economy is basically stable with positive structural changes. Li said, though, that downward pressure remains large and the government can’t be complacent.

The premier says policy tools are needed to help resolve the lack of funding channels for the real economy. Li added that such policies would support "reasonable growth" in the money supply and bank credit.

The government has been boosting spending on infrastructures, such as railways and affordable housing, and cutting taxes for smaller firms to boost growth.


Editor: Yang Yi

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