A statement from China's State Council over the weekend reported via state broadcaster CCTV.

In brief:

  • Statement came after a meeting chaired by Premier Li Keqiang
  • said it would promote a consumption recovery as the major driver of the economy
  • would boost imports
  • to quicken the rollout of foreign investment projects
  • to maintain a stable yuan
  • ease cross-border travel
  • reaffirmed its support for the private sector and digital economy

Earlier:

This is supportive for China trades and China-proxy trades (such as AUD).

China's crackdown on the tech industry continues, China's industry ministry with new directives for

Premier Li Keqiang is finishing up his term soon.