- China's finance ministry has unveiled yet more stimulus as it again bids to re-spark the country's stuttering economy, which was exemplified by yesterday's poor trade figures.
- The government intends to cut taxes for small businesses and allocate more funds for infrastructure projects, with two railway projects worth almost 70B yuan ($11B) being approved.
- The Shanghai Composite rose 2% after climbing 2.9% yesterday but volumes are desperately thin following the recent turmoil and the government's reaction to it.
- "The joke now is that the market is a vegetative patient," says fund manager Wang Feng.
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