Chinese stocks return to the menu as Xi Jinping signals major stimulus measures at Politburo meeting

China's signal of a shift toward all-out stimulus policies injected a dose of optimism into the nation's $10 trillion stock market, where the rebound was showing signs of stagnation.

The strong political message reverberated through Chinese assets across the board, with stocks and bonds rallying while the yuan strengthened, temporarily stopping its depreciation against the US dollar.

We have seen a decisive shift by policymakers in reversing the course of the economy and supporting the capital market, said Fang Yi, a strategist at Guotai Junan Securities in Shanghai. There is a historic breakthrough in setting the tone of economic policies at the Politburo meeting. This has stimulated more imagination for policies and should restore investor confidence in the policy outlook.

The Politburo meeting, attended by Xi and the other 23 members of the Communist Party's decision-making body, is widely seen as setting the stage for the upcoming Congress. Central Economic Work Conference (CEWC) which will define key policies for next year. All eyes have been on the CEWC for clarity on policy signals after Beijing failed to fully deliver on its earlier promise of fiscal stimulus. The closed-door CEWC is scheduled to begin on Wednesday and conclude on Thursday.

The rhetoric at the Politburo meeting is the strongest in years, at a time when a deflationary trend persists in the world's second-largest economy and geopolitical tensions have intensified following the re-election of Donald Trump. While pledging unconventional countercyclical measures, China also said its monetary policy would shift from cautious to moderately relaxed, wording that has not been used at high-level meetings since the aftermath of the 2010 global financial crisis. .

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos