LONDON, Feb 1 (Reuters) - China is considering fresh measures to boost its economy beyond the 4,000 billion yuan ($584.9 billion) fiscal package launched last year, Premier Wen Jiabao told the Financial Times in an interview published on its website.
'We may take further new, timely and decisive measures. All these measures have to be taken pre-emptively before an economic retreat,' the FT quoted Wen as saying.
Wen reiterated that Beijing intended to keep its currency stable at a 'balanced and reasonable level'. He said: 'Many people have not come to see this point. . . If we have a drastic fluctuation in the exchange rate of the renminbi, it would be a big disaster.'
(Reporting by Quentin Webb; Editing by Jon Boyle) ($1=6.839 Yuan) Keywords: FINANCIAL CHINA/STIMULUS (Reuters Messaging: quentin.webb.reuters.com@reuters.net; +44 207 542 9405) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We may take further new, timely and decisive measures. All these measures have to be taken pre-emptively before an economic retreat,' the FT quoted Wen as saying.
Wen reiterated that Beijing intended to keep its currency stable at a 'balanced and reasonable level'. He said: 'Many people have not come to see this point. . . If we have a drastic fluctuation in the exchange rate of the renminbi, it would be a big disaster.'
(Reporting by Quentin Webb; Editing by Jon Boyle) ($1=6.839 Yuan) Keywords: FINANCIAL CHINA/STIMULUS (Reuters Messaging: quentin.webb.reuters.com@reuters.net; +44 207 542 9405) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.