Chinese Pres Xi: Domestic economy facing increasing uncertainties and downward pressure

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.