Li Yunze is Director of China's National Administration of Financial Regulation. Out with some upbeat remarks:
- economy is still recovering
- demand will be boosted, expanded
- will optimise private financing, strengthen financial services for private business
- the recent global banking crisis has had little impact on China but does offer a cautionary tale
- China has the conditions and confidence to prevent systemic financial risks
China pumping up the positivity today, earlier:
- Chinese media speculate on a loan prime rate cut after banks reduced deposit rates
- More Chinese banks cut rates
