Via MNI comes commentary from China's National Development and Reform Commission:
- Overall prices will remain low in the second half, with easing monetary conditions to support prices
- Forecasts second-half CPI growth to be higher than in the first
- PPI declines will ease
- Property market will continue to recover
- International oil prices will stabilize
- Limited room for further declines in iron-ore prices
- Looking for more volatility in domestically, coal, steel and copper prices, but at low price levels
Meanwhile, China stocks are having a better day:
Shanghai Composite