Chinese leaders to meet during US poll amid stimulus hopes
China's top legislative body will hold a highly anticipated session in Beijing on November 4-8, the week of the US presidential election, as investors watch for any approval of fiscal stimulus to revive the slowing economy.
The once-every-two-month gathering of the Standing Committee of National People's Congress will review a State Council report on financial work, along with a slew of draft laws on mineral resources, energy and anti-money laundering, the official Xinhua News Agency reported Friday.
The published agenda doesn't specifically mention any plans for fiscal stimulus, although a previous decision to raise budget deficit mid-year in 2023 was disclosed only after lawmakers approved it.
«Markets are all watching this closely because everyone hopes the supportive stance indicated by various ministries could materialize into real actions,» said Bruce Pang, chief economist for Greater China at Jones Lang LaSalle Inc, noting that fiscal support requires the legislature's approval.
Voting will come on the last day of the meeting, November 8, three days after a US election that could have far-reaching consequences on global trade and China's exports, a rare bright spot of the economy. Details of the adopted laws and reports will be released by state media afterward.
Data Science
SQL for Data Science along with Data Analytics and Data Visualization
By — Metla Sudha Sekhar, IT Specialist and Developer
Astrology
Vastu Shastra Course
By — Sachenkumar Rai, Vastu Shashtri
Marketing
Digital Marketing Masterclass by
