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CORRECTED-China premier says to calmly deal with money market volatility
May 2, 2014 / 4:17 AM / 3 years ago

CORRECTED-China premier says to calmly deal with money market volatility

(Corrects headline and first paragraph to clarify that Li was referring to money markets, not currency markets)

BEIJING, May 1 (Reuters) - Chinese Premier Li Keqiang, in comments published on Thursday, said the government would calmly deal with any volatility in the money markets and not alter policy settings in the face of divergent voices.

Li added that freeing up the interest rate market and setting up a deposit insurance scheme were this year’s priorities in an article published in the ruling Communist Party’s influential journal Qiushi (Seeking Truth) and carried on the central government’s website (www.gov.cn). (Reporting by Koh Guiqing and Li Hui; Writing by Ben Blanchard; Editing by Ron Popeski)

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