China rules out introduction of strong stimulus

BEIJING -- China's top economic planner said Thursday that China will not introduce strong stimulus measures to prop economy.

Xu Shaoshi, minister in charge of the National Development and Reform Commission, made the comments hours after Chinese Premier Li Keqiang announced to lower China's economic growth target to around 7 percent in 2015.

Xu, however, underlined importance of investment, which he believes continues playing a key role in promoting Chinese economy.