There will be press conference in China later today re policies to ensure housing delivery

Press conference coming up later in the day by China's housing and financial regulators regarding policies to ensure housing delivery.

I haven't a time or further details on this.

Related to this perhaps:

• China's government is considering buying unsold homes to ease oversupply

This should be a positive for the China trade (property sector is already surging).

And there is other green shoot data from China, for industry if not retail:

• China April March Industrial output +6.7%y/y (expected +5.5%) Retail sales +2.3%(3.8% exp)

And some not so green shoot:

• China April new house prices -0.6% m/m (prior -0.3%)