<p>China will strive for positive economic growth to recover from the impact of the coronavirus pandemic this year, despite not setting a growth target, Premier Li Keqiang said on Thursday, promising more support if the economy faced further disruption.</p>.<p>"We have reserved policy room. Be it fiscal, finance, or social security," Li said during his once-a-year news conference following the close of the annual meeting of parliament.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-in-india-news-live-updates-total-cases-deaths-covid-19-tracker-today-worldometer-update-lockdown-40-latest-news-838583.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>China does not need a massive stimulus but growth remains important, and liquidity will be increased because "exceptional situations call for exceptional measures", he said in response to a question from Reuters.</p>.<p>Investors have been expecting Beijing to roll out a large stimulus measure to pull the world's second-largest economy out of an unprecedented downturn, and some were disappointed at the unusual decision not to set a growth target.</p>.<p>Li stressed the focus of policymaking had shifted towards ensuring stability in employment, financial operations, foreign trade, foreign investment, domestic investment, and market expectations.</p>.<p><a href="https://www.deccanherald.com/international/coronavirus-updates-cases-deaths-country-wise-worldometers-info-data-covid-19-834531.html"><strong>Coronavirus Worldometer | 15 countries with the highest number of cases, deaths due to the COVID-19 pandemic</strong></a></p>.<p>"We can introduce new policies in a timely manner, and we will not hesitate to maintain the stable operation of the Chinese economy, which is paramount," the premier said.</p>.<p>The government has pledged more government spending and a fiscal deficit target of at least 3.6% of GDP. Based on fiscal measures announced so far, the stimulus the government plans to roll out is equivalent to about 4.1% of China's GDP, according to Reuters calculations. </p>
<p>China will strive for positive economic growth to recover from the impact of the coronavirus pandemic this year, despite not setting a growth target, Premier Li Keqiang said on Thursday, promising more support if the economy faced further disruption.</p>.<p>"We have reserved policy room. Be it fiscal, finance, or social security," Li said during his once-a-year news conference following the close of the annual meeting of parliament.</p>.<p><a href="https://www.deccanherald.com/national/coronavirus-in-india-news-live-updates-total-cases-deaths-covid-19-tracker-today-worldometer-update-lockdown-40-latest-news-838583.html"><strong>For latest updates on coronavirus outbreak, click here</strong></a></p>.<p>China does not need a massive stimulus but growth remains important, and liquidity will be increased because "exceptional situations call for exceptional measures", he said in response to a question from Reuters.</p>.<p>Investors have been expecting Beijing to roll out a large stimulus measure to pull the world's second-largest economy out of an unprecedented downturn, and some were disappointed at the unusual decision not to set a growth target.</p>.<p>Li stressed the focus of policymaking had shifted towards ensuring stability in employment, financial operations, foreign trade, foreign investment, domestic investment, and market expectations.</p>.<p><a href="https://www.deccanherald.com/international/coronavirus-updates-cases-deaths-country-wise-worldometers-info-data-covid-19-834531.html"><strong>Coronavirus Worldometer | 15 countries with the highest number of cases, deaths due to the COVID-19 pandemic</strong></a></p>.<p>"We can introduce new policies in a timely manner, and we will not hesitate to maintain the stable operation of the Chinese economy, which is paramount," the premier said.</p>.<p>The government has pledged more government spending and a fiscal deficit target of at least 3.6% of GDP. Based on fiscal measures announced so far, the stimulus the government plans to roll out is equivalent to about 4.1% of China's GDP, according to Reuters calculations. </p>