He stressed that economic reform in China has to take preference over high-speed growth over the short-term.
Tang Jianwei, a senior analyst with Bank of Communications Co, said the economic stimulus measures introduced in late 2008 were mostly meant in response to a sharp slowdown in the economy due to external influences.
"But today, the slowing economic growth is mainly the result of a lack of internal motivation."
Besides, Tang added, that 2008 stimulus package had also resulted in issues such as an overheated housing market.
"The impact of natural disasters only has a short-term effect on an economy. Over the long term, such an impact is often countered by the resultant reconstruction program," Tang said.
Wendy Luo, an analyst with Barclays Bank in Hong Kong, said the Ya'an earthquake was likely to delay plans by property developers, and hurt the confidence of house buyers, which could hit prices and earnings in Sichuan province.
>>>Quake-hit China grows in pain
The principle of sparing no efforts to save lives cannot be more stressed. No minute or even second should be delayed during the "golden rescue period" in the first 72 hours after the quake.
>>>Pilot cancels wedding to participate in quake relief
When the 7.0-magnitude quake happened, Zhang Shangnian, a pilot from an aviation brigade of Chengdu Military Region, was about to hold his wedding.
>>>Nurse returns to work after losing mother
Just likes other medical staff, she was busy with rescuing people injured in the earthquake in SW China, but no one knew her mother just died in the quake.
>>>Wedding ceremony without bridegroom held on schedule
Zhuo Jia, the bridegroom, is a solider of the Chengdu Military Region; he had to leave his beautiful bride behind to participate in earthquake relief.
>>>An injured girl's smile moves many
"Your smile makes the entire world beautiful,” a photo of a smiling girl with bandage on her head has moved so many Chinese netizens.
>>>Teenager saves mom with his bare hands
The mother moves away a precast slab weighing over 50 kilograms alone to save her son in the earthquake. She said she did not know where her strength came from.
>>>Chinese Premier: Rescue every person
Premier Li Keqiang gives light of hope and confidence to quake victims as he leads rescue work, comforts survivors and asks for every home to be checked.
Teenager saves mom with his bare hands
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