Li: Gov't can maintain economic stability
24 March 2008
China's central government has the tools to maintain economic stability, said newly installed vice premier Li Keqiang at a financial forum in Beijing. In his first public speech since being appointed to the post, Li said the government would maintain its macroeconomic controls at a reasonable level to meet "new situations and new problems," the South China Morning Post reported. He also noted that the mainland's market was large enough to insulate itself from difficulties arising from a slowing US economy and a falling dollar. Zhang Ping, the new director of the National Development and Reform Commission, promised at the forum to boost domestic consumption in order to drive economic growth.
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