An ICYMI on reports yesterday that China is planning further stimulus.
Take care, sources are unnamed. But hey, rumours and financial markets are never separated for too long!
Bloomberg report:
- Officials are drafting measures to bolster sales of cars and electronics
The proposals
- include subsidies for new-energy vehicles, smartphones and home appliances
- are at a consultation stage with other government branches, with no guarantee that they’ll be approved, the people said.