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China has ample tools to support economy: Premier

China has ample tools to support its economy and is experienced in dealing with different types of risk, Chinese Premier Li Keqiang said on Wednesday.

Mr Li said in a meeting with Jim Yong Kim, president of the World Bank, that the Chinese economy was operating “within a reasonable range”, Chinese state-run broadcaster CCTV reported.

“Despite a slowdown in the world’s economy and international trade, as well as volatilities in the financial market, China has achieved proactive progress in its [economic] restructuring,” Mr Li said.

He pledged China would maintain a “proactive fiscal policy and prudent monetary policy”.

China’s economic growth stood at 6.9 percent in 2015, the country’s lowest annual expansion rate in 25 years.