Li Keqiang Pledges More Policy Support For Economy

China will step up policy measures to support the economy while studying new stimulus plans, state media on Friday quoted Premier Li Keqiang as saying.

"Currently, some emergency events in the international and domestic environment have exceeded expectations, and economic operations are facing greater uncertainties and challenges," Li was quoted as telling a group of economists and company executives.

“We should implement policies in advance, step up policies in a timely way and study new contingency plans."

Analysts expect the country's central bank to lower borrowing costs or pump more cash into the economy to spur growth.

Beijing will strive to keep employment and prices stable, and help small businesses tide over difficulties, Li said.

It will also stabilise foreign trade and investment and keep the yuan basically stable, he added. (Reuters)