China’s cabinet pledges stronger policy support to meet growth target
The cabinet urged faster bond issuance, more fiscal spending and new support for investment, consumption and small firms as growth slowed to 4.3% in Q2.
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Global Market: China stocks edge up as policy support pledge lifts property shares
Chinese mainland stocks edged higher as Beijing pledged stronger policy support to ease economic pressures, while Hong Kong shares fell. Property stocks gained after fresh measures to stabilise the housing market, while thin holiday trading and elevated bond yields capped sentiment.
China's cabinet pledges stronger policy support to meet growth target
China stocks edge up on policy support pledge
China stocks edged up on Tuesday, after the country's cabinet pledged to step up counter-cyclical policy support to address rising economic strains, though trading remained thin ahead of an upcoming holiday. Hong Kong shares fell. ** China's blue-chip CSI300 Index was roughly flat by the lunch…
The Chinese Council of Ministers committed itself to stepping up counter-cyclical support measures to address growing economic tensions, demonstrating an urgent need to strengthen growth and keep the economy on the right track to achieve this year's goal.
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