China’s Finance Minister said will allocate more fiscal resources

I posted earlier on Premier Li Qiang’s remarks over the weekend at the China Development Forum:

Finance Minister Lan Foan also spoke at the forum on Sunday:

• China will allocate more fiscal resources to ensure employment, and other aspects of livelihhods
• Chinese government is still “confident and capable of achieving full-year economic development goals”.
• will make support for scientific and technological innovation and development in manufacturing a priority

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Supportive comments will give at least some support to China-proxy trades, at the margin. These are not game changers though.