Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.
Chinese authorities have ramped up stimulus announcements since late September, sparking a stock rally.
That approval could granted during a weeklong meeting of the legislature's standing committee, with more stimulus expected to be unveiled on Friday.BEIJING – China is widely expected to unveil more stimulus on Friday after its parliament ends a five-day meeting.has already cut several interest rates, major increases in government debt and spending requires approval by the country's parliament, called the National People's Congress.
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