China’s Vice-Finance Minister Zhu Guangyao: Government won’t roll out major stimulus measures

China’s Vice-Finance Minister Zhu Guangyao warned:

• The global economic recovery is fragile
• China will closely watch changes to the Fed’s monetary policy, and should also watch for any major policy adjustment by the European Central Bank
• Repeated that the government won’t roll out major stimulus measures to tackle temporary and short-term economic volatility because such a move would only endanger Beijing’s long-term development strategy

China Securities Journal via MNI