China's finance minister says there is room for more economic stimulus but offers no plan

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Minister Lan Fo ข่าว

Stimulus Package,China's Economy,Stock Investors

BEIJING (AP) — The Chinese government is looking at additional ways to boost the economy, Finance Minister Lan Fo'an said Saturday, but he stopped short of...

, Finance Minister Lan Fo'an said Saturday, but he stopped short of unveiling a major new stimulus plan that analysts and stock investors were hoping for.

“There are other policy tools that are being discussed that are still in the pipeline,” he said at a news conference, adding that there is “ample room” in the government budget to raise debt and increase the deficit.at the end of 2022. Companies have cut back on hiring and wages and a prolonged downturn in the property market has deflated consumer confidence, curbing spending.

The finance minister instead said the government would roll out a package of incremental measures to speed up implementation of its existing policies. Former Peruvian President Alejandro Toledo on Friday reappeared in a courtroom built exclusively for judging high-ranking dignitaries to testify in a trial for allegedly receiving several million dollars from Brazilian construction company Odebrecht.

 

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Stock market today: Chinese shares soar, then fade as Beijing stimulus plans fall shortTOKYO (AP) — Shares soared Tuesday in Shanghai as Chinese markets reopened after a weeklong holiday but then gave up a chunk of their initial gains as the...
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