The details of a widely anticipated fiscal stimulus package are expected to be revealed at the NPC Standing Committee’s next meeting, which has just been scheduled for 4th to 8th November. This meeting would usually take place during the second half of October and its delay could indicate that internal deliberations over the scale and scope of fiscal support have been fraught.
Meanwhile, the detailed breakdown of the Q3 GDP figures points to a broad-based pick-up in services growth, with a particularly pronounced jump financial sector output on the back of soaring equity market turnover.
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