China’s state planner is holding a briefing

The National Development and Reform Commission of the People’s Republic of China (NDRC) is China’s State planner.

China’s stock markets plunged in the first session of the new year. It seems to have prompted attempts at official support.

NDRC official:

• China plans to increase issuance of special treasury bonds with longer maturity in 2025 – Will sharply increase funding to support two new programs

Earlier from China:

• PBOC says interest rate cuts are likely in 2025 “at an appropriate time”

This article was written by Eamonn Sheridan at www.forexlive.com.