China to announce fiscal stimulus plans as legislative session concludes

China's National People’s Congress Standing Committee will reveal new fiscal stimulus plans on Friday. Analysts expect the measures to be significant but not as large as previous stimulus packages. The government is considering special bonds for banks and local governments to address unsold housing and idle land. Estimates for the total stimulus range from 6 trillion yuan to over 10 trillion yuan. This announcement comes shortly after Donald Trump was confirmed as the next U.S. president, shifting focus from Washington to China's economic strategies.