Li says various tools will be used to boost growth
Premier Li Keqiang promised that China will use several powerful policy weapons to boost growth as the economy experiences a lingering slowdown and historic transition.
The government will make full use of fiscal policies, reduce taxes properly and help companies to overcome their difficulties and upgrade structure, Li told a meeting of economists and businessmen.
The government will invest more to improve infrastructure in central and western China to achieve balanced development, and private companies are welcome to invest in such projects, he said.
The premier also promised to keep innovation in monetary policies to provide better services to the real economy and to reduce companies’ costs of financing.