Chinese Premier Li speaking on state radio
- will keep economic growth within reasonable range
It's being reported that the govt supported the stock market today ahead of the week-end National Peoples Congress meeting to approve the next 5-year road map.
Reuters report that two sources close to the scene said state-backed funds bought primarily bank shares and some local branches of the state regulator asked listed companies, mutual funds and brokerages to stabilize the market during the Congress and Chinese People's Political Consultative Conference (CPPCC)