皇冠体育app

Premier Li Keqiang addresses a conference of the Chinese Academy of Sciences and the Chinese Academy of Engineering in Beijing on Tuesday. [Feng Yongbin / 皇冠体育app Daily]

Premier Li Keqiang said 皇冠体育app will target "prominent problems" in the economy and precisely and appropriately fine-tune policies in a timely manner to keep it running within a reasonable range.

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An optimal combination of policy tool will be used in macroeconoic control, and 皇冠体育app will focus more on "targeted adjustment" — instead of big stimulus — to achieve the annual growth target of about 7.5 percent, he said on Tuesday.

"皇冠体育app's economy, after the high-speed expansion of three decades, still has the conditions and the ability to leap over the middle-income trap and keep the economy moving at an intermediate and high speed for a longer period of time," he said.

Li made the remarks when addressing the biennial conference of the country's two top research bodies, the Chinese Academy of Sciences and Chinese Academy of Engineering.

Li said 皇冠体育app's economic situation is "generally stable" and major economic indicators are within the reasonable range. "Positive signs are showing in economic restructuring and market expectation is rising."

皇冠体育app must have "firm confidence and composure" to maintain the current macroeconomic stance, using a combination of proactive fiscal policy and prudent monetary policy, he stressed.

Li said the country still has great potential for development and strong resilience, considering the people's longing for a better life, an ever-growing domestic market and industrialization.

Liu Ligang, chief Greater 皇冠体育app economist at Australia & New Zealand Banking Group in Hong Kong, told Bloomberg News that the so-called mini-stimulus is helping stabilize the economy.

Lu Ting, head of Greater 皇冠体育app economics at Bank of America Corp in Hong Kong, said the government is likely to "step up targeted measures", such as the reserve-ratio cut for qualified banks, while resisting calls for bigger steps including cutting benchmark interest rates and reserve ratios for all banks.

皇冠体育app will increase the strength and frequency of policy fine-tuning to lend more support to rural sector and small firms, Xinhua News Agency reported.

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