China has announced several measures recently to boost the economy and made a number of pledges to improve the business environment as concerns about the growth outlook continue to mount.
Statements over the past month provide broad assurances to boost consumer spending on household goods and cars and encourage private companies, with little specific detail. Investors have been skeptical of the pledges so far, and are looking for more concrete proposals and direct stimulus policies.
Read More : How China Is Backing Its Economy Amid Anticipation for Stimulus