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
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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
