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Chinese president Xi Jinping, was out on the wires in the last hour, via Xinhua, saying that China’s economy is facing increasing uncertainties and downward pressure.

Additional quotes:

   “¢   Any comments or behaviour casting doubt on China’s economic system is not in line with the country’s policy.
   “¢   To ease tax burden on private companies.
   “¢   To resolve private companies’ financing problems.
   “¢   To widen financing channel for private companies.
   “¢   Will encourage private companies to participate in state-owned firms’ reform.
   “¢   China can provide necessary financial aid to private firms with healthy prospects.
   “¢   Local governments can set up funds to support private firms using their own resources.