I posted earlier on Premier Li Qiang's remarks over the weekend at the China Development Forum:
- China's Li: low inflation, low central government debt means ample room for macro policy
- More on China's Premier Li weekend comments - "room for further macro policy steps"
Finance Minister Lan Foan also spoke at the forum on Sunday:
- China will allocate more fiscal resources to ensure employment, and other aspects of livelihhods
- Chinese government is still "confident and capable of achieving full-year economic development goals".
- will make support for scientific and technological innovation and development in manufacturing a priority
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Supportive comments will give at least some support to China-proxy trades, at the margin. These are not game changers though.
Chinese Communist Party General Secretary Xi Jinping is China's leader