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China Finance Minister Plans Briefing as Investors Seek Stimulus.
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- معلومة اضافية
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China's Finance Minister, Lan Fo'an, will hold a briefing on fiscal policy in response to investors' desire for additional measures to stimulate the country's economy. The announcement caused China's CSI 300 Index to recover some losses, while the offshore yuan strengthened. This briefing comes after China's economic planning agency announced weaker-than-expected stimulus measures, leading stock investors to seek greater fiscal spending to combat the economic slowdown. Banks such as Morgan Stanley and HSBC Holdings expect stimulus measures of around 2-3 trillion yuan ($283-425 billion). Chinese Premier Li Qiang has expressed a commitment to listening to the concerns of the private sector and investors in formulating economic policies. [Extracted from the article]
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