Fresh major stimulus move ruled out

China will not inject a large amount of newly added financial investment to stimulate the economy this year, a senior official at the country's top economic planner said on Thursday.

The current scenario is "fundamentally different" to the one in 2008, when a 4 trillion yuan ($651 billion) stimulus package was launched by the government, the official said.

The National Development and Reform Commission said in December that China will increase investment for "seven project packages", including oil and gas networks, health and pension services, ecology and environment, clean energy, and transportation.