Chinese authorities are being urged to back up reassurances about the country’s economy with more substantial action. The yuan remains close to an eight-month low, the credit market is showing increased concerns and shares in China look set to register a third week of losses. Premier Li Qiang pledged that targeted stimulus would be introduced to support growth, employment and to deal with risks as they emerge.
China’s sinking markets heap pressure on Xi Jinping to deliver stimulus
Chinese authorities are being urged to back up reassurances about the country’s economy with more substantial action. The yuan remains close to an eight-month low, the credit market is showing increased concerns and shares in China look set to register a third week of losses. Premier Li Qiang pledged that targeted stimulus would be introduced to support growth, employment and to deal with risks as they emerge.