China has pledged to take all necessary measures to stimulate its economy and fuel consumer spending, but has rejected as “ridiculous” suggestions that its huge pool of domestic savings has been partly to blame for the global financial crisis.
In a rare interview, Wen Jiabao, China’s premier, said in London on Sunday that Beijing was considering fresh measures to boost its economy beyond its Rmb4,000bn ($585bn, €458bn, £404bn) fiscal package launched late last year.
