Beijing Supercharges Stimulus With A Shift In Focus

By John Liu and Zheng Wu, Bloomberg markets live reporters and strategists

Three things we learned last week:

1. China’s top leaders now have their eyes on a wealth effect to tackle the economic downturn. The Politburo gathering on Thursday explicitly pledged actions to “stop the decline in property market” and “shore up capital markets.” The words marked the strongest language from China’s ruling Communist Party in support of asset prices since Xi Jinping came into power in late 2012.