fiscal package – Charm

US election: Eyeing US election, China considers over $1.4 trillion in extra debt over next few years

Cs news3 months ago09 mins

China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the U.S. election, said two sources with knowledge of the matter. China’s top…

Chinese stocks could rally 15% as more stimulus spurs a GDP growth spurt next year, SocGen says

Cs news4 months ago4 months ago04 mins

Chinese stocks could climb as much as 15% on the nation’s expected fiscal stimulus package, SocGen said. The package could be announced in October, potentially reaching 3 trillion yuan, the bank estimated. The stimulus measures could push China’s GDP to grow as much as 5% next year, strategist said. Chinese stocks could soon surge 15%,…