China Markets Warn Xi That More Stimulus Is Needed to Fuel Rally

Economic planning agency disappoints with lack of big stimulus
Market reaction shows mismatch between investors, officials

Zheng Shanjie, Chairman of the National Development and Reform Commission, said in a briefing that while the government is confident it can fully achieve full year economic goals, it will step up macro-economic policies.Source: Bloomberg

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By Bloomberg News

October 8, 2024 at 5:45 AM EDT

Updated on

October 8, 2024 at 9:52 PM EDT

Ever since President Xi Jinping sought to draw a line under China’s slowdown last month, investors have clamored for him to back up monetary easing with a powerful fiscal stimulus to help fuel one of the nation’s biggest stock rallies in years.

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