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China prepares massive fiscal stimulus amid market uncertainty

Chinese lawmakers are set to approve a fiscal stimulus package worth trillions of yuan during their meeting from Nov. 4-8, aimed at bolstering growth post-pandemic. However, analysts from Goldman Sachs and HSBC suggest that this effort may not fully reassure the markets, as it focuses on alleviating pressure on local governments and recapitalizing major state lenders.
bloomberg.com
Chinese Yuan The Goldman Sachs Group, Inc. HSBC Holdings plc CHN HSBC Holdings Goldman Sachs
Finance & Economy, Market Report
01:45 04.11.2024
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