China NDRC - Key takeaways

The National Development and Reform Commission (NDRC) said downward pressure on the Chinese economy is increasing.

Key Takeaways

• Chinese economy is stable and ZHAO from NDRC confident of achieving economic growth goals.
   
• China’s state planner Vice Chairman said they will adopt multiple measures to stimulate the private sector.
   
• Local governments aim to complete special bond issuance by the end of Oct.
   
• Plans to issue 200 billion Yuan in advance budget spending and investment projects from next year.