China to maintain prudent monetary policy and reasonable credit growth: premier

Premier Li Keqiang said China will continue its prudent monetary policy and proactive fiscal policy, maintaining reasonable growth in aggregate credit.

Li made the remarks during a visit to China Construction Bank and the People's Bank of China, the central bank, on Monday.

China should maintain its prudent monetary policy, enhance the monetary policy coordination with the proactive fiscal policy, make policies more flexible and targeted, lay stress on pre-emptive policy adjustment and fine-tuning, and maintain reasonable credit growth, he said.

While China's financial sector has supported economic development, global economic growth is still weak and some regions and industries in the country are faced with major difficulties, he said.

Li said multiple policy tools should be used to keep liquidity reasonably ample, guide market expectations, and create a good financial environment for dealing with risks and challenges and promoting continuous and stable economic growth.

The premier also called for the implementation of differentiated financial policies so as to support supply-side structural reform. Endi