China to hash out stimulus plan with US elections in its sights

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BEIJING: China's top lawmakers gathered on Monday (Nov 4) to hash out a major stimulus package that analysts say could grow even bigger if former US president Donald Trump wins the White House this week.

Average prices of new residential property ticked up slightly last month, according to a survey of 100 cities by independent researcher China Index Academy.

"The overall economy is losing productivity out of basically misallocated savings," said Garcia Herrero, referring to issues within China's industrial policy spending, including extensive subsidies.

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Category: EconomyBusiness

Markets: SingaporeChinaUnited States

Topics: Package Cent Debt Meeting Beijing Week Trump Including Stimulus China Analysts

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 14:26:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 745 words

Reading Time: 5 minutes read

Sentences: 33 lines

Sentence Length: 23 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 23390367

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About Channel News Asia

Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

Update Frequency: 50 posts per day

Year Established: 1999

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News Last Updated: 38 minutes ago

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Publisher ID: #27

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