China Premier Li: China won’t use massive stimulus, will take steps if needed

Further comments out by the Chinese premier Li, as he says that China needs to fight a hard battle to cope with downward pressure on the economy.

Economic indicators for the first two months positive in China.

The good economic situation is not due to a flood of stimulus.

China does not rely on QE for growth.

China won’t use massive stimulus, will take steps if needed.

PBOC has ample toolkit if the economy gets worse.