We have heard similar from People's Bank of China officials time and again. Policy support has been dribbling in, but it has been slow and of limited size so far.

This time PBOC Vice Governor Chen (the Bank has many vice-governors)

Meanwhile a senior Chinese Communist Party official says:

  • China aims to implement existing policies to support the ec onomy in H1
  • China looks to incremental policies to support growth, take steps when necessary