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China Puts Investor Patience to Test as Key Briefing Underwhelms
China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend. While Finance Minister Lan Fo’an promised more support for the struggling property sector and hinted at greater government borrowing to shore up the economy, the briefing didn’t produce a headline dollar figure for fresh fiscal stimulus that the markets had sought. A lack of new incentives to boost consumption, which has been a weak link in the economy, is another reason why ... (full story)
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- Posted: Oct 13, 2024 7:05pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,758
