Loan defaults in China won't stir systemic risks: Premier Li

BEIJING Thu Mar 13, 2014 12:11am EDT

China's Premier Li Keqiang waves as he arrives for a news conference, after the closing ceremony of the Chinese National People's Congress (NPC) at the Great Hall of the People, in Beijing, March 13, 2014. REUTERS/Kim Kyung-Hoon

China's Premier Li Keqiang waves as he arrives for a news conference, after the closing ceremony of the Chinese National People's Congress (NPC) at the Great Hall of the People, in Beijing, March 13, 2014.

Credit: Reuters/Kim Kyung-Hoon

BEIJING (Reuters) - Any default of loans in China will not set off systemic risks in the world's second-largest economy, Premier Li Keqiang said at a press conference on Thursday.

Li reiterated the government's standard line that debt risks in China are under control.

(Reporting by Adam Rose and Shao Xiaoyi; Editing by Paul Tait)

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