As the latest economic data show growth is slowing, Chinese Premier Li Keqiang told an audience at the Asean summit in Singapore that reform is the way to tackle China’s problems, not the ‘massive stimulus’ package adopted a decade ago. Photo: Reuters

Chinese Premier rejects economic stimulus option as latest data shows more weakness

  • Li Keqiang says ‘massive stimulus’ like 2008 not on Beijing’s radar, even as new data shows further downside
  • New bank lending falls sharply in October, suggesting businesses reluctant to invest given uncertainties created by the trade war
Topic |   China economy

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As the latest economic data show growth is slowing, Chinese Premier Li Keqiang told an audience at the Asean summit in Singapore that reform is the way to tackle China’s problems, not the ‘massive stimulus’ package adopted a decade ago. Photo: Reuters
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