{"id":111856,"date":"2024-10-08T17:36:47","date_gmt":"2024-10-08T10:36:47","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=111856"},"modified":"2024-10-08T17:36:47","modified_gmt":"2024-10-08T10:36:47","slug":"china-stock-rally-fizzles-as-stimulus-update-disappoints-investors","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=111856","title":{"rendered":"China stock rally fizzles as stimulus update disappoints investors"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"\">\n<figure>\n<div data-component=\"image-block\" class=\"sc-18fde0d6-0 ejjhCR\">\n<div data-testid=\"hero-image\" class=\"sc-a34861b-1 jxzoZC\"><img decoding=\"async\" src=\"https:\/\/www.bbc.com\/bbcx\/grey-placeholder.png\" class=\"sc-a34861b-0 cOpVbP hide-when-no-script\"\/><img decoding=\"async\" sizes=\"(min-width: 1280px) 50vw, (min-width: 1008px) 66vw, 96vw\" srcset=\"https:\/\/ichef.bbci.co.uk\/news\/240\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp 240w,https:\/\/ichef.bbci.co.uk\/news\/320\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp 320w,https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp 480w,https:\/\/ichef.bbci.co.uk\/news\/640\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp 640w,https:\/\/ichef.bbci.co.uk\/news\/800\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp 800w,https:\/\/ichef.bbci.co.uk\/news\/1024\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp 1024w,https:\/\/ichef.bbci.co.uk\/news\/1536\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp 1536w\" src=\"https:\/\/ichef.bbci.co.uk\/news\/480\/cpsprodpb\/df1e\/live\/5dd02690-8513-11ef-9d1d-8981b4296577.jpg.webp\" loading=\"eager\" alt=\"Getty Images Investor points at stock market board in China.\" class=\"sc-a34861b-0 efFcac\"\/><span class=\"sc-a34861b-2 fxQYxK\">Getty Images<\/span><\/div>\n<\/div>\n<p><figcaption class=\"sc-8353772e-0 cvNhQw\">Shares had jumped by more than 10% as trading restarted after the Golden Week holiday<!-- --><\/figcaption><\/p>\n<\/figure>\n<div data-component=\"text-block\" class=\"sc-18fde0d6-0 dlWCEZ\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">A stock market rally in China has fizzled out as a highly-anticipated announcement on plans to boost the country&#8217;s ailing economy disappointed investors.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Shares had jumped by over 10% as trading restarted after the Golden Week holiday but fell back after a news conference by the country&#8217;s economic planners.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">After a volatile day of trading, the Shanghai Composite Index in mainland China closed 4.6% higher, while the Hang Seng in Hong Kong slumped by 9.4%.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Investors had been hoping for more information about how the government plans to support economic growth but the announcement gave little in the way of details.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\" class=\"sc-18fde0d6-0 dlWCEZ\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The chairman of China&#8217;s National Development and Reform Commission Zheng Shanjie said he is &#8220;fully confident&#8221; the country will achieve its full-year economic and social goals.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">But he added: &#8220;The downward pressures on China&#8217;s economy is also increasing&#8221;.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Mr Zheng&#8217;s comments came as he announced that China will issue 200 billion yuan ($28bn; \u00a321.5bn) for spending and investment projects by the end of this year.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;The market really expected more. The correction will be even stronger if the data on the Golden Week in terms of consumption is weak,&#8221; said Alicia Garcia-Herrero, chief economist for the Asia Pacific region at investment bank Natixis.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">&#8220;The market is reacting to the lack of a real fiscal stimulus. I would not have organised a press conference not to announce anything new.&#8221; <!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The Chinese government has been trying to boost confidence in the world&#8217;s second largest economy as concerns increase that it may miss its own 5% annual growth target.<!-- --><\/p>\n<\/div>\n<div data-component=\"text-block\" class=\"sc-18fde0d6-0 dlWCEZ\">\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Investors have been pouring into Chinese stocks since <!-- --><a target=\"_self\" href=\"https:\/\/www.bbc.com\/news\/articles\/cjd5xlv03jxo\" class=\"sc-c9299ecf-0 bZUiKB\" rel=\"noopener\">officials began rolling out a raft of measures aimed at boosting the economy<!-- --><\/a>.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">The plans included help for the country&#8217;s crisis-hit property industry, support for the stock market, cash handouts for the poor and more government spending.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">But some economists have questioned whether the policies will be enough to fix China&#8217;s economic problems.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">They say deep reforms might be needed in order to set the country on a more sustainable growth path.<!-- --><\/p>\n<p class=\"sc-eb7bd5f6-0 fYAfXe\">Growth has been slowing in the world&#8217;s second largest economy as it continues to face a property market slump, falling prices and other challenges.<!-- --><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.bbc.com\/news\/articles\/c8elgd52x4wo\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Getty Images Shares had jumped by more than 10% as trading restarted after the Golden Week holiday A stock market rally in China has fizzled out as a highly-anticipated announcement &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=111856\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-111856","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111856","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=111856"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/111856\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=111856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=111856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=111856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}