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I was the sad sack on China yesterday, posting the data indicating the country slipping back towards consumer price deflation:

• China November CPI +0.2% y/y (expected +0.5%) PPI -2.5% y/y (expected -2.8%)
• China's Inflation Data: November Trends and Projections

But, with a glimmer of hope perhaps this week:

• China's annual central economic work conference is set to convene this week

Later on Justin had some better news:

• China's Politburo says will implement a more moderately loose monetary policy
• China promise for even bigger easing lifts risk sentiment
• China president Xi: We must be fully prepared to achieve next year's economic targets
• ForexLive European FX news wrap: Aussie buoyed as China vows to ramp up stimulus next year

And Adam followed u:

• It's all about China today: Three stories are dominating
• Treasury yields higher as China turns on the taps but bonds skeptical

Just to finish on a down note ( ;-) ) ... how often have we been disappointed by all the promisies out of China? Is this time different?