That’s a bit of a let-down for investors who expected officials to unveil the value of additional special sovereign bonds at the presser.
On steps to help big state banks to replenish their capital, Vice Finance Minister Liao Min said the ministry is waiting for the lenders to submit their specific plans, and that work is progressing. Banks that are listed ...

PPI y/y declined further, m/m narrowed
PPI -0.6% m/m, with a -0.8% input prices and producer prices for consumption goods dropped by 0.1%.
The weaker PPI numbers are influenced by insufficient market demand and falling prices for certain international commodities, NBS said.
MoM Performance
PPI decreased by 0.6%, with the decline narrowing by 0.1 percentage points compared to the previous month.
Producer goods prices fell by 0.8%, while consumer goods prices shifted fro...

I see it as a rising sense of urgency instead of a panic among China's policymakers.
Some of these measures, particularly the $71B standby facility for share purchases, don't have an immediate effect. It really depends if non-banking institutions will utilize the facility to buy in the market. And the only reason they'll do that is if they see the potential for generating returns.
That means growth has to return to...

Global growth forecast revised downward to 3.1% from 3.2% this year, expected to be 3.3% next year. The growth picture is not worrisome.
China's growth forecast was revised downward to 4.7% this year and 4.5% for next year and 2026. The main drivers are depressed consumer confidence and insufficient policy support.
This year exports were a key pillar but are now challenged. Next year growth drivers will be a combination of exports and consumption. It is more difficu...