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Chinese premier seeks to ease global concerns over China slowdown

Published 09/09/2015, 14:13

The prospects for China's economy were positive even though the world's second largest economy continued to experience downward pressure, Chinese Premier Li Keqiang said on Wednesday.

Li said China would maintain basic policy direction but get prepared to make pre-emptive adjustments.

The comments came one day after China's finance ministry said Beijing would strengthen fiscal policy, boost infrastructure spending and speed up tax reforms to support growth. Chinese policymakers are stepping up efforts to revive an economy growing at its slowest pace in decades, bolstering global financial markets which have been rattled by recent turmoil.

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