Ex-PBOC adviser Li: China's economy yet to hit bottom of the U-turn

Former PBOC adviser Li Daokui was on the wires earlier today, sounding somewhat optimistic on China’s growth outlook.

Key Quotes:

China has yet to hit bottom of U-turn

Q1 economy was supported by property investment and surging total social financing

A key task is to deleverage at corporate levels

China growth potential near 7%

Fundamentals are sound