Chinese Premier Li Qiang downplayed concerns about challenges facing the economy and reassured investors that Beijing will step up supportive measures for growth, as the International Monetary Fund called on the government to carry out pro-market reforms.

There’s still plenty of space for macroeconomic policies to be expanded because consumer price growth is “relatively low” and the central government’s debt level is not high, Li said during a keynote speech at the China Development Forum on Sunday — the first given by the sitting premier since the event started in 2000, according to a Bloomberg review of agendas. China’s overall demand is “still insufficient,” he said.