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Cabinet to Announce Guidelines on Policy in Early Sept

CHINA
  • Reuters cites the Chinese cabinet as stating that it will announce detailed guidelines for successive policy measures in early September, and that it will guide commercial banks to provide medium- and long-term loans to key projects as well as equipment upgrades. The statement adds that China will support rigid housing demand as well as promoting auto consumption.
  • Worth recalling it was confirmed earlier this week that the 20th National Congress of the Communist Party of China will take place 16 October. The crucial event takes place once every five years, and these policy measures could be attempts to shore up the economy in the near-term ahead of what's expected to be confirmation of a third five-year term for Xi Jinping
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