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China’s economic planner disappoints investors at anticipated news briefing, cooling markets
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NDRC chairman Zheng Shanjie only said that China will spend in advance 100 billion yuan (S$18.5 million) already earmarked in the 2025 central budget.
PHOTO: EPA-EFE
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CHONGQING - Investors who thought a news briefing by China’s top economic planner would bring stronger support for the country’s flagging economy went away disappointed, but officials might well have achieved their aim of calming overheated markets.
The National Development and Reform Commission (NDRC) told reporters on Oct 8 that it would increase consumption among the low- and middle-income groups, boost support for the property and capital markets, and provide further help to small and medium-sized enterprises.
