China will not let economic growth slip out of a reasonable range despite the additional downward pressure, said Premier Li Keqiang on Friday at a news conference at the conclusion of the annual parliament meeting.
China lowered the economic growth target this year and set it as a range, which is actually a signal of stabilisation for the market, said Li. China is target a GDP growth range of 6 - 6.5 per cent this year.
Li said China can resort to quantity-based or price-based policy tools such as banks' reserve requirement and interest rate tools to counter . . .
SIGN IN OR SUBSCRIBE TO GET FULL ACCESS.
We build ONE UP-TO-THE-MINUTE TIMELINE to help you keep up with China Markets!
Scroll To Stay Updated!
One-click cancel any time!