China has announced a raft of measures to resuscitate a plateauing economy, even as the country's new premier warns its legions of bureaucrats to gird themselves for a period of fiscal austerity ahead.
"Governments at every level must get used to keeping their belts tightened and ensure that fiscal funds are used where they are needed most and to the best effect," said Li Qiang, China's premier, at annual legislative meetings being held in Beijing this week.
