China Press: New stimulus measures being considered

According to state-run Chinese media outlet the Daily news, new stimulus measures are being considered by the People's Bank of China (PBoC) in a bid to further boost consumption spending, though what those exact measures would be has not been revealed.

Elsewhere, the China International Capital Corporation stated that the PBoC is proposing another RRR cut, equal to unlocking an addition 400 billion yuan, while the PBoC is also allegedly considering making adjustments to how some banks' reserve ratios are calculated.