Quotes from Standard Chartered:
-President Xi's speech in Wuhan on 24 July signalled a reform orientation - he spoke of the need to dissolve entrenched interest groups (a possible reference to state-owned enterprises).
-This comes in the lead-up to the summer meetings at Beidaihe, where senior Party leaders attempt to reach consensus, followed by the all-important Third Plenum meeting in September/October, when a high-level economic reform blueprint will be released. Beijing's leadership is therefore still signalling a strong pro-reformist agenda to the Party.
-We expect China's economic policy to become more supportive of growth in Q3, as economic expansion has likely slowed towards the lower limit of the authorities' threshold. In a statement released by the State Council on 16 July, Premier Li explained how policy might be adjusted.
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