Chinese stocks rallied on Monday after the country signaled a more aggressive approach to stimulus next year. Beijing’s top leaders revealed they will embrace a “moderately loose” monetary policy and a “more proactive” fiscal policy, according to China state media Xinhua News Agency. “Relative to the low market expectations prior to the meeting, we view…
The direct effects of China’s latest stimulus may not kick in until 2025, one researcher says. That’s because Beijing needs to ramp up spending in addition to monetary stimulus measures. More funds probably won’t be available until year-end, given lags in the legislative process. China’s massive stimulus package may not have any direct effect until…
China urgently needs a fiscal policy package to fully boost market confidence following stimulus measures announced last week, a former central bank adviser has urged. “I think the ball is now in the Ministry of Finance’s court. We hope to see new actions from them,” outspoken economist Yu Yongding told a forum in Beijing on…