China says ‘no’ to another massive stimulus package

Filed under: AM Roundup |

China moved to lessen hopes of another massive stimulus plans, even as there are reports the country is approving more infrastructure projects to stabilize its slowing economy, said the Los Angeles Times.

Weak foreign demand, a cooling real estate market and diminished bank lending has slowed Chinese economic expansion to a pace not seen since the 2008 financial crisis.

Read more at the Los Angeles Times.