China has limited room to use government spending and policy stimulus to boost its economy, China Premier Li Keqiang was quoted as saying on Wednesday, dashing hopes among some investors that Beijing may take steps to foster growth.
Li was quoted in the state-owned China Securities Journal as saying that though the economy faces considerable headwinds and uncertainty, China should allow market forces to do their work.
“If there in an over-reliance on government-led and policy driven measures to stimulate growth, not only is this unsustainable, it would even create new problems and risks,” Li was quoted by the paper as saying indirectly.
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Koh Gui Qing, Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/SOe65sSMRpg/
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