Li Keqiang Flags Further Expansion of Stimulus Measures

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Premier Li Keqiang has flagged the possibility of further expansion of stimulus measures to ensure that the Chinese economy remains on an even keel.

Speaking at a meeting with economic experts and entrepreneurs held on 12 July, Li said that the central government would “maintain the continuity of macro-economic policy.”

“In particular it is necessary to expand the intensity of implementation of a raft of policies and measures to stabilise the economy…the raft of economic stabilisation policies has been implemented for just over a month, and there is still considerable room for implementation.

“[We] must continue to drive the implementation and realisation of policy, and strive to stabilise market actors and employment.”

During the press conference Li also pointed to the need to be “rationally moderate and refrain from making overdrafts on the future.”