As Chinese stocks slide, should investors bet on a Beijing bazooka?

Chinese stocks tumbled on Wednesday, curbing a historic rally after an anticipated fiscal stimulus announcement failed to materialise. The benchmark CSI 300 index closed down 7.1 per cent — its biggest one-day fall since February 2020 — as investors grappled with a lack of clarity around Beijing’s stimulus programme to boost economic growth and markets.

Despite the lack of new detail from the NDRC, many observers remain hopeful that more substantive plans will be unveiled in the coming weeks, with attention coalescing around the upcoming finance ministry briefing. The NDRC on Tuesday said it was “co-ordinating with relevant departments to expand effective investment” and “fully implement and accelerate” the steps outlined by the politburo, a tone HSBC analysts said was “constructive”.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

As Chinese stocks slide, should investors hold their breath for a Beijing bazooka?Expectations of fiscal stimulus stoked a market rally that fizzled out this week
Source: FT - 🏆 113. / 51 Read more »

As the Electric Vehicle Industry Grows Globally, Beijing Wants Chinese EV Tech to Stay at HomeBeijing’s directive comes as most major Chinese carmakers operating in other countries are looking to localize EV manufacturing to avoid tariffs.
Source: TIME - 🏆 93. / 53 Read more »