March 13, 2014 / 3:03 AM / in 4 years

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

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.

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

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

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