China sets economic growth at 7.5%

(APTN)

China has the capability and confidence to keep its economy functioning within the proper range, Premier Li Keqiang said Thursday at the opening ceremony of the Boao Forum for Asia (BFA) annual conference 2014.

The Chinese economy has got off to a stable and good start this year, the premier said at the opening ceremony of the forum. However, China will not resort to short-term stimulus policies just because of temporary economic fluctuations, he added.

“We will pay more attention to sound development in the medium and long run,” the premier said, adding that he is confident that the Chinese economy will run within a proper range.

China’s development has strong resilience, Li said. With all the principles established and policy options at our disposal, China can handle all possible risks and challenges, he added.

China has set this year’s target of economic growth at about 7.5 percent, said Li.

This year’s annual conference runs from Tuesday to Friday under the theme of “Asia’s New Future: Identifying New Growth Drivers”.

(Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)

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