Flexibility or Delay? Decoding China’s Half-Step Toward More Easing

China’s top leadership has sketched the outlines of its next economic move—bigger deficits, cheaper money—yet the pencil marks are faint. Friday’s Politburo communique gave markets the usual nods to “proactive” policy but ducked hard numbers and timelines, leaving traders to parse adjectives for clues about how quickly the stimulus switch will flip.