China’s ‘Dovish’ Politburo Signals Rate Cuts, Property Easing

News Snapshot:

(Bloomberg) — China will likely keep cutting interest rates, speed up the issuance of infrastructure bonds and loosen more property policies after top leaders signaled fresh support for the economy is on the way. Most Read from Bloomberg The ruling Communist Party’s Politburo laid out a pro-growth tone at its key economic meeting this week that was “slightly more dovish” than markets expected, according to economists at Goldman Sachs Group Inc. and elsewhere. That’s bolstered sentiment and sent Chinese stocks and the yuan higher Tuesday as investors await more details on aid. The 24-member decision-making body led by President Xi...