This info was out earlier but I didn't publish it correctly. My bad. Catching up now.

China's finance minister says will strengthen cooperation between fiscal and monetary policy

  • says will implement greater tax and fee cuts this year
  • will step up central govt's transfer payments to local governments this year

Supportive comments out of China.

Comes after big OMO fund injection earlier today:"

PBOC sets USD/ CNY reference rate for today at 6.3487 (vs. estimate at 6.3448)