Loan defaults in China won't stir systemic risks: Premier Li

Wed Mar 12, 2014 11:30pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

BEIJING (Reuters) - Any default of loans in China will not set off systemic risks in the world's second-largest economy, Premier Li Keqiang said at a press conference on Thursday.

Li reiterated the government's standard line that debt risks in China are under control.

(Reporting by Adam Rose and Shao Xiaoyi; Editing by Paul Tait)

 
China's Premier Li Keqiang waves as he arrives for a news conference, after the closing ceremony of the Chinese National People's Congress (NPC) at the Great Hall of the People, in Beijing, March 13, 2014. REUTERS/Kim Kyung-Hoon