China's finance ministry says it will boost fiscal expenditure in 2019

The finance ministry with fiscal stimulus following the PBOC announcement on monetary stimulus moments ago

• People's Bank of China has cut the RRR rate

Fin min:

• will implement larger tax cuts, fee cuts
• says tax and fee cuts will emphasize reducing burdens for small firms, manufacturers
• will step up fiscal expenditure in 2019
• to increase bond issuance to support key projects
• government will reduce its general expenditures (by more than 5%)

They ain't muckin' about … the NDRC just foreshadowed both these moves in the preceding minutes:

• China state planner statement on more stimulus to come