Some comments from China's National Development and Reform Commission (NDRC)

  • to roll out a plan to boost people's disposable incomes for 2019 - 2020
  • to persist with deleveraging and avoiding risks
  • deleveraging not in conflict with stabilising growth
  • to keep reducing zombie companies

All sounds very positive. As usual.

On inflation developments they say:

  • to make sure prices stay in a proper range
  • more price drops expected ahead
  • CPI and PPI growth remined mild in July