China’s next stimulus package is unlikely to put market fully at ease

Quick Summary:

Chinese lawmakers are gathering in the shadow of the US election to sign off on a fiscal package that’s set to run into the trillions of yuan yet is unlikely to put the market fully at ease.

The lingering suspense over the pacing and targets of fiscal support will complicate investment decisions for traders already whipsawed by the volatility stalking Chinese markets since a stimulus blitz in September sought to encourage lending and offered support for the stocks and property markets.

Policy-setting meetings in December or March are the next key dates to watch for clues about measures to prop up consumer spending power, which will be crucial to turning around sentiment.“They don’t want to come up with a big number and then not be able to get it done,” said Nicholas Yeo, head of China equities at abrdn.“The government is very cautious about spending.

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Article Details

Author / Journalist: Bloomberg News

Category: BusinessStartups

Markets: PhilippinesChinaHong Kong

Topics: Consumption Trillion Fiscal Government Local “the Support Spending Yuan Economists Stimulus

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-04 @ 11:25:33 (20 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 1185 words

Reading Time: 7 minutes read

Sentences: 31 lines

Sentence Length: 39 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 23394266

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