See page 6 for analyst certification and important disclosures. J P M O R G A N 8 Asia Pacific Economic Research 30 September 2026 China: Urgency Rises, Stimulus Remains Targeted New measures support growth, weak transmission limits impulse Emerging Markets Asia, Economic and Policy Research Feng Zhu (852) 2800 1745 feng.zhu@jpmorgan.com Jiayi Li (852) 2800-5229 jiayi.c.li@jpmorgan.com JPMorgan Chase Bank, N.A., Hong Kong Branch {[{Y3cIYdParyTuUqtkX9KJ0CorREglMgI-6aqjstoSGlXLziAjNoAKBm9ijcSrzhAyL9dgosh6spUG ...