China Stimulus:

Betting on Consumers

Bank Capital Injection

Xi’s Economic Boost

Monetary Policy Shift

Strained Economy

China Tries to Reassure Investors Despite Lack of Fresh Stimulus

Lan Fo'an, China's finance minister, center, with Wang Dongwei, vice minster of finance, left, and Liao Min, vice minster of finance, during a news conference in Beijing, China, on Saturday, Oct. 12, 2024. China will allow local governments to issue bonds to support the ailing property sector as it pushes to put a floor under an economic slowdown. — Lan Fo'an, China's finance minister, center, with Wang Dongwei, vice minster of finance, left, and Liao Min, vice minster of finance, during a news conference in Beijing, China, on Saturday, Oct. 12, 2024. China will allow local governments to issue bonds to support the ailing property sector as it pushes to put a floor under an economic slowdown.
Source: Bloomberg

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October 12, 2024 at 11:00 AM EDT

Hello, this is Jasmine Ng in Singapore.

The highly anticipated briefing by China’s Ministry of Finance has wrapped up — alas with no specific pledge of the 2 trillion yuan ($283 billion) in fresh economic stimulus that investors were hoping for in the lead up to the event.