BRICS countries won't launch stimulus package this year

Updated: 2013-09-05 21:19

By Fu Jing in St Petersburg (

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The BRICS countries will not launch a "new stimulus" plan to tackle temporary economic difficulties, said a senior Chinese official.

Zhu Guangyao, vice-minister of finance, said China will pay more attention to the quality of its economic growth, which will definitely reach 7.5 percent this year.

"We don't have plans to launch a new stimulus package, and we aim to achieve quality economic growth," Zhu told China Daily at a news conference prior to the opening of G20 St. Petersburg Summit.



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Sept 13: Attend the 13th Meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization (SCO) in Bishkek, the capital of Kyrgyzstan.


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