China Premier Li: Will not resort to strong stimulus in monetary policy

Reuters reports comments from the Chinese Premier Li Keqiang, with the key headlines found below.

Will not resort to strong stimulus in monetary policy.

Monetary policy will be more targeted to support private companies, smaller businesses.

China won’t flood the financial system with liquidity.

Will step up efforts on reducing taxes, fees and market trading costs.

Will continue to open up financial markets including banking, securities and funds.

Will open up further, deepen reforms and help achieve global economic recovery.