China to make pre-emptive policy changes to spur growth: PM

China, which expanded at its slowest pace in 25 years last year, will make pre-emptive policy changes to support growth and ward off financial risk, Premier Li Keqiang said in remarks published on Friday. The government would make sure it achieved its main economic development targets this year, state radio quoted Li as telling a regular cabinet meeting.
Li said the government would closely watch the economic situation at home and abroad. The government has set a growth target of 6.5 percent to 7 percent for 2016. The world's second-largest economy expanded 6.9 percent in 2015, its slowest pace in a quarter of a century. The government would "make good use of fiscal and monetary policy tools to strengthen pre-emptive and timely fine-tuning, prepare policy reserves and effectively guard against various risks", Li said.