Bloomberg reports
The report says that China's economic planner is drafting a series of stimulus measures to bolster sales of cars and electronics. The draft will also include subsidies for new-energy vehicles, smartphones and home appliances.
However, the report also notes that the proposals are only at a consultation stage and could be changed so there is no guarantee that they'll be approved.
Regardless, it certainly looks like China is stepping up efforts to boost its economy and this clearly shows that they have no intentions of letting up at the moment. This should be a bit of an additional positive headline for risk assets on the day following the improved Chinese data during Asian trading.
