Much room for China to manoeuvre policy, says Li

Li vows to keep China’s economy growing at a reasonable speed, even as he acknowledges the job is not easy. — EPA

BEIJING: China has a lot of room to manoeuvre its policy and boost its economy having avoided using strong, short-term stimulus in recent years, Premier Li Keqiang said, in a rare suggestion that authorities can do much more to stoke growth.

Li, addressing a news conference at the end of China’s annual session of parliament, tried to allay fears about a stumbling economy by vowing to keep it growing at a reasonable speed, even as he acknowledged the job is not easy.