BEIJING, Mar 12: China will make its monetary policy flexible to help counter possible global shocks, central bank govern Zhou Xiaochuan said on Saturday. China will not resort to excessive stimulus steps to bolster economic growth, Zhou told a news conference on the sidelines of China’s annual parliament session in Beijing. Yi Gang, a vice central bank governor, told the same briefing that he expected China to achieve its annual economic growth target this year. The government has set a growth target of 6.5 percent to 7 percent for this year, as a spate of soft data points to further weakness at the start of the year as authorities struggle to cushion the slowdown. The world’s second-largest economy expanded an annual 6.9 percent in 2015, its slowest pace in 25 years. (AGENCIES)
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