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China Steps Up Its Stimulus

8 mins·07:00, 25 Oct 2023
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China Steps Up Its Stimulus

8 mins
·
07:00, 25 Oct 2023
·

Guest: Kelvin Wong (Senior Market Analyst), OANDA

China is set to unleash fresh fiscal stimulus to shore up its economic recovery by raising its fiscal deficit to 3.8% of GDP from the current 3%. Is this the catalyst that is much needed to turn the Chinese equity market from a bear to a bull? Kelvin Wong, Senior Market Analyst with OANDA tells us.

Image credit: Shutterstock.com

Presenter: Wong Shou Ning, Philip See

Producer: Mike Gong

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