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CN Wire

30 Jul, 10 tweets, 5 min read

China's Politburo held a meeting to analyze the current economic situation and economic work, presided over by General Secretary Xi Jinping.
#China #Economy

#China says economic recovery is not solid yet.

China to improve overseas listing supervision system.
#China #Didi

China vows to stabilize commodity prices and supplies.
#China #Commodities

China supports faster development of EV sector.
#China #EV #NIO $NIO $LI

China politburo urges stabilizing housing prices and expectations.
#China #realestate

China will maintain stability, continuity in macro policies.
🔸To keep economic operations within a reasonable range
🔸To keep liquidity reasonably ample
🔸To keep yuan exchange rate basically stable
$CNY #Liquidity #China

#China vows better cross-cyclical adjustments of macro policies and increase the autonomy of macro policies.

#China's politburo says will accelerate the resolution of bottleneck problems.

#China's politburo says will issue an action plan for #carbon peaking before 2030 as soon as possible.

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@Sino_Market

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#China #ironore #commodities #futures

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#Iron #Ironore #steel

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#Didi

$DIDI now surges more than 10% premarket. #Didi

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@Sino_Market

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https://twitter.com/Sino_Market/status/1420369242067668995?s=20

FTSE China A50 Index futures open 2.6% higher on Thursday morning following the 3% gain overnight.
Sources said China's authority had a hastily call with major intl banks in a bid to restore the market calm after the recent rout.