China to Announce New Fiscal Policies to Stimulate Economic Growth Amid Global Concerns

China is set to hold a briefing on fiscal policy on Saturday, October 14, 2024, as global investors anticipate additional measures to bolster the world's second-largest economy. The State Council Information Office confirmed the event, where Finance Minister Lan Fo'an will outline strategies aimed at strengthening fiscal policy to support economic growth and respond to inquiries from the media.

This announcement comes in the context of growing concerns about China's economic performance and its potential ripple effects on the global market. Investors are keenly observing how the Chinese government will address these challenges, given the interconnected nature of the world economy.

As the global community watches, the implications of China's fiscal policy adjustments could significantly influence international trade dynamics and investment flows. The upcoming briefing is expected to provide crucial insights into the government's approach to economic recovery and stability.

Source: bloomberg.com

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