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 ...

Related reports: A Targeted Cushion (29 Sep 2026) Rate Hike Cycle Returns: Why This Time Is Different (28 Sep 2026) Morgan Stanley Asia Limited October 4, 2026 11:17 PM GMT Investor Presentation | Asia Pacific M Idea Targeted Cushion Amid Uneven Dynamics Robin Xing Chief China Economist Robin.Xing@morganstanley.com +852 2848-6511 Jenny Zheng, CFA Economist Jenny.L.Zheng@morganstanley.com +852 3963-4015 For important disclosures, refer to the Disclosure Section, located at the end of this report. Downloaded ...