Friday , 22 November 2024
Home Forex China’s annual parliament is underway – expected to approve more fiscal stimulus measures
Forex

China’s annual parliament is underway – expected to approve more fiscal stimulus measures

I posted back in October the dates of China’s National People’s Congress (NPC), November 4 to 8.

  • The NPC is the country’s highest legislative body, serving as a key component of its government structure. It convenes annually to set national policy, approve budgets, and pass laws.
  • In addition, the NPC formally elects leaders, such as the president and premier, and oversees the activities of other branches of government, though its actions are largely guided by the Communist Party of China.
  • It’s the largest parliamentary body in the world, with nearly 3,000 delegates representing various regions and sectors across China.

The 14th NPC Standing Committee (NPCSC), will convene for its twelfth session from November 4 to 8. Stimulus measures are expected to announced at its conclusion.

Markets will once again be disappointed and whine is my bet 😉

This article was written by Eamonn Sheridan at www.forexlive.com.

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Fed: U.S. government fiscal sustainability tops the list of financial system risks

The Fed's twice yearly Financial Stability Report highlights: U.S. government fiscal sustainability...

Forexlive Americas FX news wrap 22 Nov: US PMI data better than Europe. USD moves higher.

Major indices close higher for the trading week by the Russell 2000Baker...

Major indices close higher for the trading week by the Russell 2000

The stock indices close week. For the day, the Dow and Russell...

USDCHF buyers take the price higher this week after basing at the 50% midpoint at 0.87989

The USD/CHF pair, after trading within a range of 0.8400 to 0.8550...