Li: Proactive steps, prudent monetary policy still needed

Premier Li Keqiang called for keeping macroeconomic policies, market expectations and the financial sector stable in order to properly prevent risks, during a meeting with entrepreneurs and economists.

The premier said during the meeting on Thursday that the Chinese economy will still face difficulties in the future in a deeply changing world, even though the first half of the year saw steady economic growth.

Therefore, he urged continuation of proactive fiscal policy and prudent monetary policy, with targeted and well-timed regulation by the government that is aimed at hedging against uncertainties in the international community.