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China vows to ensure stable growth

Updated: Mar 24,2016 2:55 PM

China has pledged to ensure a stable, steady economic growth, at a reasonable pace. In his keynote speech at the opening ceremony of the 2016 Boao Forum for Asia in South China’s Hainan, Premier Li Keqiang says the government is looking to maintain a mid- to high-speed growth, while seeking to create new engines of growth.

He says structural adjustment is a key to China’ s economic transformation, and urbanization will create huge domestic demand. Premier Li also promised to launch comprehensive reform in the financial sector.