Chinese Premier Li Keqiang giving a briefing,
- Financial sector should support real economy
- Financial sector should support small companies development
- banks' bad loans are on the rise, some industries face difficulties
- banks have enough bad loan provisiosn to cope with risks
- Will use some market-oriented measures to lower debt levels at companies
- Will use debt to equity swaps to lower debt levels
More comments, of the 'watch for risks, protect investors' sort of variety.
If anything else of significance, I'll update.
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Here we go:
- Its impossible that China will not accomplish its economic targets this year
- Downward pressure on economy persists
