Market Analysis

China's Ministry of Finance will hold a news conference on Saturday to outline fiscal stimulus plans aimed at reviving the country's slowing economy, according to an announcement made by the government’s main information office on Wednesday.

Investors have been awaiting details on the fiscal measures China’s government will introduce in the coming weeks, following recent monetary stimulus efforts and initiatives to boost the property sector, which were rolled out by the central bank and regulators last month.

Finance Minister Lan Fo'an is expected to attend the press briefing, which the State Council Information Office stated would focus on "strengthening countercyclical fiscal policy adjustments to support high-quality economic growth."

Last month, Reuters reported that China plans to issue special bonds totaling around 2 trillion yuan ($283.43 billion) to stimulate economic activity after the economy faltered in the second half of the year, putting the government's target of around 5% growth at risk.

Paraphrasing text from "Reuters" all rights reserved by the original author.