Chinese stocks gain after Beijing lays out fiscal plans

Chinese stocks rose on Monday after Beijing sought to reassure investors over the weekend about its plan to increase spending to boost the world’s second-largest economy. The finance ministry said on Saturday that it planned to recapitalise local governments and state banks and buy unsold property as part of its stimulus plans but it held back from providing detailed figures.

Some economists said the finance ministry’s programmes announced at the weekend would help provide a basis for a recovery but they would need to see the details, including how much the government planned to spend and the programmes’ terms. Others were more positive, believing that the government would make good on its promises in important meetings planned for the coming weeks.

United States United States Latest News, United States United States Headlines

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

Chinese stocks volatile after Beijing lays out fiscal plansGovernment plans to increase spending to boost world’s second-largest economy
Source: FT - 🏆 113. / 51 Read more »

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 Chinese stocks slide, should investors bet on a Beijing bazooka?Expectations of fiscal stimulus stoked a market rally that fizzled out this week
Source: ftenergy - 🏆 47. / 63 Read more »