On Monday China promised more stimulus. Another promise, or for real this time? | Forexlive

Adam had the info posted Monday:

China’s official Xinhua News Agency said the ruling Communist Party’s 24-member Politburo met, and promised counter-cyclical policy:

• called for actively expanding domestic demand
• for resolving debt risks
• it left out the slogan of “housing is for living, not for speculation”, a sign that it is considering easing restrictions on the property sector

At the risk of being labelled a stick-in-the-mud, I’m gonna need more than promises from the Chinese Communist Party. Still, the feel good factor would be supportive today. But, more detail will be needed soon lest this wears off.