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China will appropriately step up policy support for economy -premier – Metro US

China will appropriately step up policy support for economy -premier

Closing session of the National People’s Congress (NPC) in Beijing
Closing session of the National People’s Congress (NPC) in Beijing

BEIJING (Reuters) – China will appropriately step up policy support for the economy as it faces new downward pressure, Premier Li Keqiang was quoted by state media as saying.

But Li, in the remarks made on Thursday, reiterated that the government will not resort to “flood-like” stimulus.

(Reporting by Kevin Yao and Beijing newsroom; Editing by Mark Heinrich)