"The policy to support consumption sounds quite weak," said Jacqueline Rong, chief China economist at BNP Paribas SA. "It is still too early to call an imminent significant turnaround in deflationary pressure or a bottoming-out of the property market, which are the two key issues faced by the Chinese economy."
Data on Sunday will probably show consumer prices in September were stuck below 1% for a 19th straight month as factory-price deflation deepened, highlighting sluggish demand before the recent stimulus bonanza.
Lan's remarks on Saturday indicated that China is comfortable with the overall direction of the economy. He vowed to allow local governments to use special bonds to buy unsold homes and promise.
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