Senior Chinese government officials will hold an important press conference on Wednesday at 05:00 (Turkish time) to provide information on the implementation of the recently announced economic stimulus measures.
Five high-level officials, including Chairman of the National Development and Reform Commission Zheng Shanjie, will attend the briefing organized by the State Council Information Office.
According to the official announcement, the conference will focus on “the implementation of a systematically incremental policy package to robustly promote economic growth, structural optimization and sustainable development momentum.” However, no further details were given ahead of the event.
The press conference falls on the first working day after China’s National Day holiday and a week-long break. Before the holiday period, the People’s Bank of China took several measures to support the economy, including lowering interest rates and injecting liquidity into the banking system. In addition, regulators eased real estate market restrictions as part of the comprehensive stimulus package, leading to a rise in Chinese stock markets.
*This is not investment advice.
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