0.4% m/m vs est +0.1% (+1.6% y/y vs est +1.8%) Local press says China is considering a 17% value-added tax rebate to domestic steelmakers China's Ministry of Railways increased spending on railroads and bridges for the 2nd time this month CBRC plans to conduct stress tests for Shanghai banks in H2 to gauge proper

calls to Everbright Group's headquarters in Beijing went =nanswered. Two calls to China Railway Corp., which took over operations =rom the disbanded Ministry of Railways in March, were unanswered. JPMorgan, led by Chief Executive Officer Jamie Dimon, is also working to =esolve U.S. and U.K. investigations after botc