China’s NDRC: We pledge to keep the economy within reasonable bounds

The National Development and Reform Commission, the country’s state planner, reiterated on Tuesday, “we pledge to keep the economy within reasonable bounds.”

Additional comments

Macro policies should be strong, reasonable and moderate in expanding demand actively.

Approved 65 fixed-asset investment projects worth a total of 1.028 trillion yuan in Jan July.

Approved 8 fixed-asset investment projects worth a total of 236.8 billion yuan in July.

Separately a PBOC-backed financial news reported earlier on, “China requires additional policy stimuli to boost economic growth.”