China has no intention to introduce a large-scale stimulus like it did during the global financial crisis in response to this year’s economic slowdown, the official Xinhua News Agency said today. “The Chinese government’s intention is very clear: it will not roll out another massive stimulus plan to seek high economic growth,” Xinhua said in the seventh paragraph of a Chinese- language article on economic policy. “The current efforts for stabilizing growth will not repeat the old way of three years ago.” Premier Wen Jiabao’s call last week to focus more on boosting economic growth has spurred speculation the nation ... (full story)