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China vows fiscal moves to prop up economy, but details of new measures unclear for now
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Investors have been anticipating a strong stimulus package from Beijing in the past week that could inject confidence and turn around the listless Chinese economy.
PHOTO: AFP
BEIJING – There was no headline figure that investors who tuned in to a morning press conference on Oct 12 by China’s Finance Minister were hanging their hopes on.
Long on promises but short on specifics, Mr Lan Fo’an’s briefing to a room packed with local and foreign journalists nonetheless provided some needed optimism as he signalled the government’s intent on resuscitating the ailing economy, and gave the assurance that it could scale up if necessary.
