Monday, June 27, 2016

ecns [expanded by feedex.net]: Premier Li promises financial market stability

ecns [expanded by feedex.net]

ecns

Premier Li promises financial market stability
http://www.ecns.cn/2016/06-28/216016.shtml
Jun 28th 2016, 13:11



China will take measures to keep its financial and capital market stable and avoid wild fluctuations, Premier Li Keqiang promised business executives on Tuesday.
"Like the Chinese economy, China's capital market will unavoidably see some short-term fluctuations in some fields, but we have to guard against skyrocketing rises or precipitous falls," Li said when meeting with business executives attending the Summer Davos.[Special Coverage]
These efforts to maintain financial and capital market stability will also help the global economy, he said, also vowing that China will improve its capital market to add direct financing for enterprises.
Read more: 
China committed to manufacturing upgrade: premier
China is committed to transforming its manufacturing sector by leveraging the latest technology to meet diverse demands, Chinese Premier Li Keqiang said on Tuesday.
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The development of new business models in China will help with reemployment of steel workers and coal miners made redundant in the country's trimming of overcapacity in those sectors, according to Premier Li Keqiang.
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