China expected to announce highly anticipated fiscal stimulus package

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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