Tokyo | Chinese Premier Li Qiang this week fired up investor enthusiasm again by promising “extraordinary measures” to revive the faltering economy, as the Communist Party’s central decision-making body announced its first shift to “moderately loose” monetary policy in 14 years.

Mr Qiang vowed to deploy “every means possible” to boost consumption at a meeting on Monday with heads of major international economic organisations in Beijing, including the International Monetary Fund, which has long called on China to expand domestic demand.