China can meet growth targets without stimulus: PBOC governor

BEIJING, March 12, 2016 -- Zhou Xiaochuan, governor of the People's Bank of China, answers questions at a press conference on the financial reform and development on the sidelines of the fourth session of the 12th National People's Congress in Beijing, capital of China, March 12, 2016. (Xinhua/LiXin)

BEIJING, March 12 -- The growth targets China has set for this year and the 13th Five-Year Plan period (2016-2020) can be realized through improving domestic demand, consumption and innovation, without big stimulus, central bank governor said Saturday.

"China will stick to the prudent monetary policy," said Zhou Xiaochuan, governor of the People's Bank of China (PBOC), at a press conference on the sidelines of the national legislature's annual session.

Zhou added that China's monetary policy will be flexible in the event of global and domestic financial turbulence.