Some headlines from the China Securities Journal:
- China not likely to cut interest rate in H2
And these ....
- China should add stock volatility to monetary policy
- China should inject liquidity when stock prices fall
-
OK, so that second lot got a jaw-drop from me ....
Forget about full employment and stable prices .... pump up the stock market!
I'll try to get more detail ... just the headlines on the wires at present
If the first headlines accurately reflect the articles themselves, watch out below for Chinese stocks below
if the second bunch of headlines are more accurate ... then maybe we can rally today ...
more to come
Meanwhile, the world's favourite China proxy has fallen further into the hole so far this morning: