An overnight piece citing statements from Premier Li Keqiang of China.
Via Reuters:
- "This year, in response to new challenges, we decisively launched a package of policies and follow-up policies to stabilise the economy, with the strength exceeding 2020," Li was quoted as saying.
- Last week, the cabinet announced 19 new policies, including raising the quota on policy bank financing tools by 300 billion yuan ($43.4 billion). That was on top of a package of 33 measures unveiled in May.
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The PBOC have been trimming interest rates alongside.
