Politburo to shed light on Xi Jinping's strategy for trade war stimulus

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Politburo to shed light on Xi Jinping's strategy for trade war stimulus - Business Standard

Quick Summary:

Chinese property stocks rose on increased speculation that more supportive policies will come out of the upcoming Politburo meeting.

While Trump said his administration was talking with China on trade, Chinese officials denied the existence of dialogues on a deal and demanded the US revoke all unilateral tariffs.

Economists in a Bloomberg survey forecast the People’s Bank of China to reduce the amount of cash banks must keep in reserve by 50 basis points this quarter and another cut of the same magnitude between October and December.