A stock market rally in China has fizzled out as a highly anticipated announcement on plans to boost the country’s ailing economy disappointed investors.
Shares had jumped by more than 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country’s economic planners.
Investors had been hoping for more information about how the government plans to support economic growth but the announcement gave little in the way of details.
The plans included help for the country’s crisis-hit property industry, support for the stock market, cash handouts for the poor and more government spending.
But some economists have questioned whether the policies will be enough to fix China’s economic problems...
News articles remains the property of the source. Tellbrief is a news aggregator.
