China’s economic planning agency outlined details of measures aimed at boosting the economy on Tuesday but refrained from major spending initiatives. The piecemeal nature of the plans announced Tuesday appeared to disappoint investors who were hoping for bolder moves,

Zheng Shanjie, chairman of China’s National Development and Reform Commission, on Tuesday pledged a raft of actions to bolster the country’s economy during a highly-anticipated press conference.

China’s economic planner outlined new measures to support the struggling economy; however, the government refrained from implementing significant new stimulus. China’s National Development and Reform Commission Chairman Zheng Shanjie on Tuesday announced a special purpose bond issuance to local governments to spur their growth.