Reported about 8 hours ago
In anticipation of a press conference on Saturday, investors and analysts expect China to introduce nearly 2 trillion yuan ($283 billion) in new fiscal stimulus to support its economy and bolster confidence. This funding, likely to be primarily through government bonds, aims to target household consumption rather than reviving previous debt-fueled investment patterns. The measures are seen as crucial for addressing the current economic challenges, particularly after disappointing stock market performance and subdued domestic demand.
Source: YAHOO