The CSI 300 Index rose as much as 1% in early trading Tuesday. That’s after a 1.2% gain in the previous session, when a 5.5% surge at the open cooled through the day. The moves follow weekend measures by authorities, which included the first cut in stamp duty since 2008 as well as curbs on share sales by major stakeholders.
While calls for broad stimulus are mounting, authorities have held back given their determination to shift away from the debt-fueled growth model. China will refrain from launching a really big, bazooka-like stimulus and instead employ moderate measures, according to 57% of 455 respondents in the Markets Live Pulse survey conducted Aug. 21-25 globally among Bloomberg News readers on the terminal and online.
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