A rare public spat has erupted between Chinese premier Li Keqiang and the central bank after he expressed concern about record credit expansion in January, a result of monetary stimulus intended to support flagging economic growth.
Since assuming the premiership in 2013 alongside President Xi Jinping, Mr Li has been a consistent critic of the large-scale stimulus that their predecessors launched in response to the 2008 financial crisis, which economists said led to wasteful investment and a dangerous increase in debt.
Analysts said Mr Li’s latest comments reflected concern his credibility would suffer if the government was seen as backsliding on its commitment to avoid heavy-handed stimulus.
您已阅读19%（698字），剩余81%（2981字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。