NDRC says no rollout of economic stimulus
Print Edition
CHINA will not roll out short-term economic stimulus measures because of an economic slowdown, the top economic planning body said yesterday.
“If China’s economic growth and employment do not break the bottom line and inflation does not exceed the upper limit, our macro-control policies will not change,” said Li Pumin, secretary-general of the National Development and Reform Commission.
China’s economy slowed to a six-quarter low of 7.4 percent in the January-March period of this year, down from 7.7 percent in the fourth quarter of 2013.
Li said that despite the slowdown, major economic indicators were all within range, adding that multiple factors which have newly emerged will continue to ensure stable and healthy growth in the longer term.
“The nation’s comprehensive reform-deepening efforts will inject new vitality to economic development,” he said, adding that domestic demand will rise amid industrialization, urbanization and agricultural modernization as well as improvements in information.
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