this post was submitted on 12 Oct 2024
21 points (95.7% liked)

World News

437 readers
1127 users here now

Rules:

  1. Be a decent person
  2. No spam
  3. Add the byline, or write a line or two in the body about the article.

founded 3 months ago
MODERATORS
Deceptichum@quokk.au
Grainne@lemmy.dbzer0.com
PhilipTheBucket@ponder.cat
21
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
1 comments fedilink hide all child comments
 

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.

all 2 comments
sorted by: hot top controversial new old
[–] 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.