China's NDRC Official Wang says China is to step up regulation on industrial capacity
The statement from China's NDRC about stepping up regulation on industrial capacity signifies a targeted approach to manage supply and potentially curb excess in certain sectors.
PRE-MARKET INDIAN STOCK NEWS
[MARKET ANALYSIS] DXY steadies following Monday's selloff as investors seek safety
China's NDRC Official Wang says China is to step up regulation on industrial capacity
China said they hit its US soy purchase target of 12mln tonnes, Bloomberg reports citing traders
China deepens probe into PDD (PDD) after fistfights with regulators, Bloomberg reports
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- Services become key to boosting domestic demand.
- More targeted support policies to be rolled out this year.
This could be interpreted as an effort to refocus on domestic demand, especially in services, while suggesting a more interventionist stance that might influence sectors heavily reliant on industrial output. Market participants should watch for implications on commodities and related equities as these policies unfold.
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