China is not signalling imminent breakout stimulus. Bloomberg.
China’s trade with the world is within reasonable bounds and the nation isn’t out to dominate global markets, a senior official said, pointing to figures showing domestic consumption is driving economic growth.
“Most of China’s production is intended to meet domestic demand,” Vice Finance Minister Liao Min said in an interview Friday near Durban, South Africa, where he was attending a gathering of Group of 20 policymakers. “When there’s demand from abroad, China exports accordingly. This does not mean, however, that China is trying to dominate every market.”
