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China premier says economic fundamentals sound, to push reform

Published 21/01/2015, 02:15
© Reuters. China's Premier Li Keqiang walks past national flags during the opening ceremony of the 5th Greater Mekong Subregion (GMS) Summit at a hotel in Bangkok

BEIJING (Reuters) - China's sound economic fundamentals have not changed and the government will put more focus on structural reforms this year, Premier Li Keqiang was quoted on Wednesday as saying.

The Xinhua news agency quoted Li as saying that the government will maintain keep macro-policies appropriate, as China's economy faces a complex environment this year.

Data on Tuesday showed China's economy grew at its slowest pace in 24 years in 2014 as property prices cooled and companies and local governments struggled under heavy debt burdens, keeping pressure on Beijing to roll out more support measures to avoid a sharper downturn.

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