China's National People's Congress set to conclude meeting with fiscal package announcement expected
China's National People's Congress is expected to conclude its meeting today, with markets anticipating announcements regarding a proposed fiscal package worth over ¥10 trillion. This package includes ¥4 trillion for special-purpose bonds related to land and property. Investors have expressed mixed feelings, as Chinese stocks have declined despite a generally positive week. The details of the stimulus have raised concerns about its effectiveness in directly boosting the economy. There are indications that the stimulus measures may be adjusted if Donald Trump wins the U.S. election, potentially in response to future trade tensions. Market reactions will depend on the specifics of any announcements made today.