Heads up for another China ‘stimulus’ briefing today (10am Beijing time)

Officials from the Housing Ministry, the People’s Bank of China, the Finance Ministry and the National Financial Regulatory Administration will hold a joint briefing at 10 am Beijing time on Thursday 17 October 2024:

• 0200 GMT
• 2200 US Eastern time

They’ll be providing details (maybe!) on measures to support the
property sector. Chinese property-developer stocks rallied yesterday on speculation new measures to boost the housing sector will be announced. Another disappointment ahead?

ps, I posted this yesterday on what all these measures are trying to do:

• China President Xi only has 2 objectives: Bail out local govt debt, prop up stock market

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