China gears up for a big week as markets await U.S. elections and stimulus details [MSNBC.com]
BANK OF CHINA UNSP/ADR (BACHY)
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Source: MSNBC.com
A flag stall at the Yiwu Wholesale Market in Zhejiang province, China, on May 10, 2019.Aly Song | ReutersBEIJING — The size of China's highly anticipated stimulus plans will likely depend on the outcome of the U.S. presidential election, analysts said.Investors expect Beijing to announce details on fiscal support Friday. That's when the standing committee of the National People's — China's parliament — is due towrap up a five-day meeting.This year, the meeting's timing means any details will be out just days after the U.S. has voted Republican nomineeDonald TrumpKamala Harris"The size of China's fiscal stimulus package would be around 10~20% bigger under a Trump win than under the scenario of a Harris win," Ting Lu, chief China economist at Nomura, said in a note last week.He cautioned that most of China's challenges are domestic, though there will be some impact from the U.S. election result.watch nowVIDEO5:5705:57Stimulus in infrastructure and property will be more positive for Chi
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