A headline from Beijing News that crossed Bloomberg over the weekend, a comment from January 4
- China wouldn't seek strong stimulus or flood the economy with too much money to expand demand, Beijing News cites Premier Li Keqiang as saying at a January 4 meeting
- China will try its best to develop new business models and create new drivers for the economy
- China must take concrete measures to ease overcapacity in steel and coal sectors
So, that's from January 4, so it isn't particularly fresh at all. but it hit the wires over the weekend so I thought I'd update.
And, its no secret that Li wants to de-emphasise the importance of extra stimulus steps in China