Premier Li positive about Chinese economy
Updated: 2014-03-13 14:09
(chinadaily.com.cn)
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Press conference is held after the closing meeting of the second annual session of China's 12th National People's Congress (NPC) at the Great Hall of the People in Beijing, capital of China, March 13, 2014. [Photo by Feng Yongbin/chinadaily.com.cn] |
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Premier Li positive about Chinese economy
What were the biggest challenges to realize the 7.7 percent economic growth last year and what are the pressing issues for Li to solve now?
"We have very limited space to carry out fiscal and monetary policies. The macro-control confronts multiple difficulties," Li noted.
"It takes wisdom to solve difficulties. We keep old, effective ways and innovate new solutions and thoughts. We make it clear what is the reasonable range for economic operation." >>>
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Improve oversight of shadow banking
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Basel III is a global, voluntary regulatory standard on bank capital adequacy, stress testing and market liquidity risk. >>>
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