China’s finance ministry is set to hold a media briefing Saturday, reigniting expectations that Beijing is readying fiscal stimulus to boost the economy.

Economists expect an economic support package worth 2-3 trillion yuan (S$369 billion-$554 billion). Read more at straitstimes.com.

Stock investors have looked for greater fiscal spending to arrest a slowdown that threatens to put the country’s target of about 5% growth out of reach.

Despite the stimulus, deep structural issues persist in China’s economy, Roach warned. Once a long-time optimist about China, Roach became skeptical when its leaders failed to address concerns raised by former Premier Wen Jiabao, who in 2007 warned that China’s growth was “unstable, unbalanced, uncoordinated and unsustainable” beneath the surface.

After four miserable years, stock market in Hong Kong and mainland China are finally soaring, but whether benefits from the economic stimulus measures announced in September spread beyond stock investors and into the real economy have yet to be seen.

China - October 09, 2024 China rolls out stimulus policies to boost economic growth (Voice_over) In the wake of the release of a broader-than-expected policy package focused on boosting the country's economy,