Shifting focus: Employees work on wheel loaders at a factory in Qingzhou, China. The country’s manufacturing sector has not been able to offset the property slump. — AFP
Beijing: Chinese Premier Li Qiang gave his clearest signal yet that Beijing won’t resort to huge stimulus to revive growth amid the worst bout of deflation in decades.
This comes even as another batch of troubling data is testing the patience of investors who worry Beijing is behind the curve.
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