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China to rely less on economic stimulus as it battles risks: cbank gov

Reuters  |  BEIJING 

By Kevin Yao and Yawen ChenBEIJING (Reuters) - China is moving beyond its traditional dependence on rapid credit growth and investment and will rely less on stimulus to boost its economy in future, People's Bank of China Governor Zhou Xiaochuan said on Friday.Zhou's comments echoed those of other top officials at parliament this week which suggested China will be more cautious about spending this year while it works to reduce risks from a rapid build-up in debt.After years of heavy pump-priming, markets worry that less generous stimulus could retard the pace of growth not only in China but ...

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First Published: Fri, March 09 2018. 14:51 IST