China expected to announce highly anticipated fiscal stimulus package

Key Points

Chinese authorities have ramped up stimulus announcements since late September, sparking a stock rally.
While the People’s Bank of China has already cut several interest rates, major increases in government debt and spending requires approval by the country’s parliament, called the National People’s Congress.
That approval could granted during a weeklong meeting of the legislature’s standing committee, with more stimulus expected to be unveiled on Friday.

Source

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