China Premier Pledges More Reforms Calls Economy Stable

Chinese Premier Li Keqiang pledged on Wednesday to push ahead with reforms, with financial system change at the center of his agenda, noting that the world’s second-largest economy was stable but there was a need to guard against risks.

Li also said in a speech to government leaders and company executives at the World Economic Forum in the northeastern port city of Dalian that China will keep its monetary policy stable even if capital markets show volatility.

“China is at a critical stage of restructuring and updating its economy. China’s economic fundamentals are good and economic operations are stable,” Li said.

via Reuters

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