China’s economy to be ‘smooth and stable’ in 2014: PM

Beijing – China’s economy will be on a steady path in 2014, Premier Li Keqiang has said.

During a trip to Tianjin, Keqiang said that China has the conditions in place to maintain the ‘smooth running of its economy and the general stability of its financial market’ in 2014.

According to China Daily, he added the government would keep a stable fiscal policy in 2014 and maintain liquidity at an appropriate level.

He added that the government would maintain reasonable growth of monetary credit and social financing, and keep the basic stability of the overall price level.

Keqiang highlighted the supporting role of the financial industry in China’s real economy.

He also pledged to push forward with financial reforms and improve the financial market’s ability to support the real economy in 2014, the report added.