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China gears up for a big week as markets await U.S. elections and stimulus details
The size of China’s highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts said. Investors expect Beijing to announce details on fiscal support Friday. That’s when the standing committee of the National People’s Congress — China’s parliament — is due to wrap up a five-day meeting. The same gathering last year oversaw a rare increase in the fiscal deficit. This year, the meeting’s timing means any details will be out just days after the U.S. has voted Republican nominee Donald Trump or Democrat rival Kamala Harris in as the next president. Polls ... (full story)
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- Posted: Nov 3, 2024 7:30pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,979
