Asian investors await China stimulus news

Quick Summary:

RECAP: Asian equities pared an earlier advance yesterday as investors awaited the outcome of a key legislature meeting in China that is expected to approve more policy support to boost flagging growth.

China's top legislative body has approved a bill to allow local governments to issue 6 trillion yuan ($840 billion) in bonds to swap for off-balance sheet or "hidden" debt, as policymakers sought to spur the economy.

The selection committee choosing a new Bank of Thailand board chairman is expected to meet on Monday, after two postponements, as the government pushes for the appointment of former commerce minister Kittiratt Na-Ranong.

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Category: EconomyBusiness

Markets: ThailandAustraliaChinaJapan

Topics: Baht Year Expected China Billion Thailand Trillion Chinese Industrial Profit

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-09 @ 04:00:00 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 1478 words

Reading Time: 9 minutes read

Sentences: 18 lines

Sentence Length: 83 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23474117

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

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Year Established: 1946

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News Last Updated: 2 hours ago

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Publisher ID: #66

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