China again pushed market momentum, with weekend economic pledges spilling over to Monday and lifting crude oil prices near the $40 per barrel mark. Chinese Premier Li Kiqiang said during the weekend a five-year economic plan envisioned an average growth rate of around 7 percent, while taking into account a need for structural reforms in a stabilizing economy . “It will also help guide market expectations and keep them stable,” he said. “The aim of maintaining stable growth is primarily to ensure employment and promote the people’s well-being, and a growth rate of between 6.5 percent and 7 percent will allow for relatively full employment.” A string of crashes on the benchmark Shanghai […]