China vows stimulus nothing burger

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The nothing burger is almost here:

China Premier Li Qiang pledged to “spare no time” in implementing a batch of targeted policies to strengthen the economy’s recovery from the pandemic.

China is at a critical stage of economic recovery and industrial upgrading, Li said in remarks at a seminar with researchers on Thursday, according to state-run CCTV. A slew of targeted, comprehensive and well-coordinated measures must be implemented quickly to stabilize growth and employment while preventing risks, CCTV cited Li as saying, without detailing the measures.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.