Investing.com-- Chinese stocks brushed off initial volatility and clocked strong gains on Monday, rising even as the government provided middling cues on fiscal stimulus and as inflation data underwhelmed.
But the government did not provide key details on the planned measures- specifically their timing and scale. This left investors wanting, after a similar occurrence with monetary stimulus measures unveiled in late-September. Investors also doubted just how much headroom Beijing has to roll out more fiscal stimulus, given the country’s high debt levels.
Chinese consumer inflation grew less than expected in September, while producer inflation shrank for a 23rd consecutive month.
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