China’s State Council Information Office will hold a press conference on Tuesday, October 8th at 06:00 PM (UTC+0 London Time) to unveil a package of new policies aimed at boosting economic growth. The press conference will feature Zheng Zhajie, Director of the National Development and Reform Commission, along with several deputy directors.
The upcoming announcement comes on the heels of a significant rally in China’s stock market, which saw its largest single-day gain since the 2008 financial crisis. This surge is widely attributed to anticipation surrounding the government’s stimulus measures.
While specific details of the policies remain undisclosed, the press conference is expected to shed light on the government’s strategies.
Beijing’s announcements of economic support last week have fueled China’s CSI 300 blue-chip index to rally over 25% in a nine-day winning streak. On Monday, it popped over 8% to its best day in 16 years and the Shanghai Composite Index surged 8.06%, before the markets closed for a week-long holiday.
