China's Vice-Finance Minister says no need for economic stimulus
BEIJING (REUTERS) - China's Vice-Finance Minister Zhu Guangyao said there was no need for the government to stimulate the world's No. 2 economy, saying on Tuesday that growth can instead be supported through structural adjustments.
Mr Zhu said while China faced a severe economic environment at home and abroad, it would keep economic policies stable.
Speaking at a briefing ahead of G20 meeting in Russia next week, he said the United States must consider when and how fast it moderates its ultra-loose monetary policy.
Central Bank Deputy Governor Yi Gang said the issue of how nations would cope as developed economies tighten their monetary policy would be a focus at the G20 meeting.