China-stimulus measures would be targeted at small and medium-sized companies.

The Chinese government is focusing on fine tuning policy to ensure economic growth does not slow too much, Li Daokui, a former advisor to the People's Bank of China and now a professor of economics at Tsinghua University, tells the BBC's Saira Syed.

He believes growth should stabilise, or perhaps pick up slightly, by the third quarter of this year.

If weak global growth were to hit China, Mr Li says any stimulus measures would be targeted at small and medium-sized companies.

But he stresses that China is far less dependent on exports than it used to be.