According to state media, Xinhua
It is being reported that China is considering to relax and remove certain restrictions on auto purchases as well as actively support new-energy vehicle purchases. This of course comes as China's auto market is seen collapsing over the past twelve months.
The welcome news here is giving risk assets a bit more of a lift on the day with USD/JPY now rising to 105.90 from 105.70 earlier. Equities are also paring losses as such, with China seen stepping in to bolster consumption activity.
