28 September 2026 | 11:05PM HKT Economics Research China: Premier Li Pledges Incremental, Modest Easing to Meet the Full-Year Growth Target Bottom line: At the State Council meeting today (28 September), Premier Li pledged to "launch a package of pragmatic and effective incremental policy measures" and reaffirmed the commitment to "strive to achieve the full-year economic and social development targets." He highlighted the use of unspent local government bond issuance quotas accumulated from previous years, ...

29 September 2026 | 10:49PM HKT Economics Research China: Targeted easing follows State Council call, growth impulse may be modest Bottom line: Policymakers announced a combination of targeted fiscal and monetary easing measures on September 29th, following Premier Li's call for stronger counter-cyclical measures to help achieve the full-year growth target. Major measures include a 25bp cut in the PSL rate and an expansion of PSL support to the "Six Networks" projects, higher quotas for various relending pr ...