Premier promises stabilized growth

China is moving to stabilize growth momentum to achieve key targets for social and economic development this year, Premier Li Keqiang said on Wednesday.

At a meeting in Beijing with Klaus Schwab, executive chairman of the World Economic Forum, Li said action was being taken for what he described as "timely and moderate pro-cyclical fine-tuning" of the country's economic policies.

Economists said Li's comments shed light on the bottom line for policy in a series of recent central government initiatives to increase investment in public infrastructure and credit for small enterprises.