China to be 'decisive' on economy

Both Mr Zhou (L) and Mr Zhang (R) were cautiously optimistic

China's central bank governor, Zhou Xiaochuan, has said China will respond quickly and dynamically to cope with the global economic slowdown.

The government would wait to see if its economy needed more stimulus spending.

But monetary policy would be flexible to help spark renewed growth while keeping the currency, the yuan, stable.

Mr Zhou and two colleagues were answering questions at a news conference during the annual session of China's National People's Congress.

National Development and Reform Commission (NDRC) Chairman Zhang Ping said officials would wait and see if more stimulus spending were necessary, beyond the 4 trillion yuan ($586bn,