Reuters reports the latest comments from China’s top economic planner’s, the National Development and Reform Commission (NDRC), with the key headlines noted below.
China to roll-out plan for 2019-2020 to boost disposable income of people.
China to stick to deleveraging, avoiding risks.
Deleveraging not in conflict with stabilizing growth.
To keep pushing companies’ bond-to-equity swap.
To make sure prices stay in a proper range.
More price drops expected ahead.
CPI and PPI growth remined mild in July.
The appetite for the risk assets is seen improving in the mid-Asian trades, as markets move past the US recession fears amid a big beat on the US retail sales data while the US President Trump seems to have softened his stance on China.
The above optimistic comments have a negligible impact on the markets.
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