The briefing, which is scheduled to begin at 10 a.m., will include five senior officials from the National Development and Reform Commission, including Chairman Zheng Shanjie, according to a government notice on Sunday.
Economists and traders are closely watching further policy measures after China’s top leaders signaled their desire to end the country’s slowing growth. Just before a weeklong holiday in China, the government unleashed a series of stimulus measures, including interest rate cuts, more liquidity to promote bank lending and a pledge of up to $340 billion to support the market. of values.
Chinese stocks have soared since late September as political support revitalized investor confidence, with the Hang Seng China Enterprises Index gaining more than 30% in the past month. But concerns are mounting about whether the rally can be sustained, given that China has experienced several false dawns before, including a rally in February that completely failed.
While the NDRC advisory did not provide details about the briefing, expectations are rising among analysts that Beijing will expand public spending as part of its stimulus package. A leading Chinese economist recently said the country has room to increase fiscal support by issuing up to 10 trillion yuan ($1.4 trillion) in special debt.
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