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Premier says China is important economic growth contributor

Updated: Mar 15,2017 11:07 AM

China will remain an important contributor of global economic growth this year, Premier Li Keqiang said at a news conference on March 15.

China contributed about 30 percent of global growth in 2016.

There will not be eruption of systematic financial crisis in China and it has many policy tools available to resolve financial risks, said Premier Li.

“Once we find financial risks, we will tackle it promptly to prevent it from worsening,” he said. He also said China’s GDP growth target for this year, which is “around 6.5 percent”, is not low given China’s already big economic scale and it is not easy for China to achieve it.