More China stimmies, not enough

These were from yesterday.

In its regular meeting today (29 September) chaired by Premier Li Qiang, the State Council focused on the implementation of “launching a basket of incremental easing measures” (“研究部署一揽子增量政策的落实工作”), and reiterated the pledge to “strive for the full-year growth targets”, echoing President Xi’s call in the SeptemberPolitburo meeting.

Specifically, Premier Li pledged to “accelerate the pace for rolling out and implementing policy easing measures”, required more forceful collaboration across different ministries and more synergy between various policy measures, and vowed to “speed up the progress of 102 key investment projects under China’s 14thFive Year Plan (FYP)”.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.