China vice Premier speaks at Davos
Vice Premier Li Keqiang, the official who is being groomed to be Premier Wen Jiabao's successor, said China will maintain its current economic policy but with increased flexibility to manage inflation expectations.
Speaking at the World Economic Forum in Davos, Switzerland, Li's comments hinted at a shift toward a slightly tighter monetary policy.
Concerned over inflation, China has recently moved to decrease liquidity by temporarily suspending bank lending.
Li generally avoided controversial topics in his speech, but did make reference to the negative effects of protectionism which was interpreted as a response to American measures against certain Chinese imports.
Beijing delegates also hinted a "gradual change" in the renminbi exchange rate.
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