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China will not let economic growth slip out of reasonable range – Premier Li Keqiang

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 . . .

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