China: No plans for major short-term stimulus

Apr 10, 2014, 1:17 AM EDT
China's Premier Li Keqiang speaks during a press conference after the closing session of the National People's Congress (NPC) at the Great Hall of the People on March 13, 2014 in Beijing, China.
AFP/Getty Images

Chinese Premier Li Keqiang ruled out major stimulus to fight short-term dips in growth in the world's second-biggest economy, dashing investor hopes that the government would aggressively combat a slowdown in activity. Li stressed on Thursday that job creation was the main policy priority, telling an investment forum on the southern island of Hainan that it did not matter if the growth was a little below the official target of 7.5 percent for this year.
Background:
China says there will be no major short-term stimulus [Reuters]
China Voice: China economy needs no stimulus [Xinhua]

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