Li says China aims to “continuously form new growth points for expanding domestic demand,”

There is one area where everyone seems to agree:

1. The US is calling for China to boost domestic demand.
2. Today, the IMF called for China to boost domestic demand
3. China itself is trying to boost domestic demand.

In a speech on CCTV today, Chinese Premier Li Qiang said China should be “continuously forming new growth points for expanding domestic demand." He also doubled down on a crackdown on curbing 'disorderly competition'. That last line has boosted optimism in Chinese stocks but risks creating global inflation.