China Premier Li:
- Says will not take short term stimulus measures to deal with short term volatility
- Downward pressure on economy still exists
- Full employment most important, regardless of whether growth is slightly higher or lower than 7.5% target
- Aims to keep China’s economic growth within reasonable range
- China has the conditions to maintain medium-level growth over long term
- To expand value added tax reform to more industries
- To further cut taxes for small firms
- To take more active policies to boost employment
Reuters headlines