In Wednesday's Papers: Premier Attends Davos Meeting, Central Gov’t Revenue Down, China Has Lowest Investment Per Student Among BRICS countries

Premier Wen Jiabao said at a Davos forum in Tianjin that in the face of the current economic slowdown China should push for structural and developmental adjustments, promote reform, and work to open its markets. As the country fights to ensure that GDP growth does not fall below 7.5 percent, the government plans to use a proactive fiscal policy and prudent monetary policy to maintain and promote stability. There has been debate over whether China will roll out a stimulus as large as its 4 trillion yuan package in response to the 2008 financial crisis. After examining the short- and long-term effects of the package, the government seems to be avoiding another large stimulus.

Original article on Caixin