Xi to resist pressure to step up stimulus

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However, that any such proposals would be relatively restrained, he added. “Xi doesn’t seem to be panicking and turning to massive stimulus or new approaches to try and revive growth. Xi sees China’s current economic wobbles as the short-term pain necessary to achieve the long-term gain of his vision of ‘high-quality development’,” Mr Thomas said. A stimulus ‘bazooka’ as it has been traditionally designed, I don’t think will come. Analysts predicted that, based on provincial forecasts for gross domestic product growth this year, Mr Li would set a target of 5 per cent for the national economy. This would match...