China Likely to Follow Up Easing Pledge With Concrete Steps
- Central bank could take easing actions within following days
- Investors hope internet crackdown may end soon after pledge
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Chinese authorities ignited cautious hopes for more concrete policy steps to boost various struggling sectors after top leaders pledged to calm financial markets and spur the economy.
The government may be nearing an end of punitive measures imposed on the internet sector, while the central bank could ease monetary policy within days, several analysts said. There could also be incremental loosening of restrictions in the property market.