China's Minister of Finance Lan Fo'an is scheduled to hold a highly anticipated press conference on Saturday on measures to support the economy.
Analyst projections for how much fiscal stimulus is needed range from around 2 trillion yuan to more than 10 trillion yuan. Ting Lu, chief China economist at Nomura, cautioned in a note Thursday that any such stimulus would typically need approval by China's parliament, expected to hold a meeting later this month. He added that how any funds are used is just as important as the amount that's delivered — whether they only go to shoring up
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