More supportive comments coming out of China - don't be "pessimistic" on stocks

After the early week declines in Chiese stocks it looks like the National Team is gearing up to support the market.

This earlier:

• Reports in Chinese media that more fiscal support for the economy 'may' be coming this quarter

Now this via the China Securities Journal

• says investors should not be pessimistic due to stock declines
• there will be no systemic risk in China's A-share market as a whole
• the loose monetary environment will support equity assets

Not the obvious be happy song: