On Monday China promised more stimulus. Another promise, or for real this time?

<p>Adam had the info posted Monday:</p><ul><li><a href="https://www.forexlive.com/news/china-pledge-to-step-up-policy-support-underpins-rally-in-oil-and-chinese-equities-20230724/" target="_blank" rel="follow" data-article-link="true">China pledge to step up policy support underpins rally in oil and Chinese equities</a></li></ul><p>China's official Xinhua News Agency said the ruling Communist Party’s 24-member Politburo met, and promised counter-cyclical policy:</p><ul><li> called for actively expanding domestic demand</li><li>for resolving debt risks</li><li>it left out the slogan of “housing is for living, not for speculation”, a sign that it is considering easing restrictions on the property sector</li></ul><p>At the risk of being labelled a stick-in-the-mud, I'm gonna need more than promises from the Chinese Communist Party. Still, the feel good factor would be supportive today. But, more detail will be needed soon lest this wears off. </p><p>China has been more of a mouse than a dragon, but lets see what this brings. </p>

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