this post was submitted on 12 Oct 2024
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China flags more fiscal stimulus for economy, leaves out key details on size (www.reuters.com)
submitted 2 months ago by Deceptichum@quokk.au to c/world@quokk.au
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The press conference "was strong on determination but lacking in numerical details," said Vasu Menon, managing director for investment strategy at OCBC in Singapore.

"The big bang fiscal stimulus that investors were hoping for to keep the stock market rally going did not come through," said Menon, adding this may "disappoint some" in the market.

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[–] PiperTheJournalist 5 points 2 months ago (1 children)

China say it's economy is fine, yet it's doing a lot of shit to fix it.