Asian stocks rallied on China’s economic stimulus plan.

Business

The Hong Kong Stock Exchange rose today, like other stock markets across Asia. After China's executives vowed to announce new measures to boost the slow-growing economy.

economic numbers in the past few months shows that Economic expansion was not smooth and economic activity slowed down. The Chinese government is under pressure to lend a helping hand, especially in the real estate sector. Despite the announcement of ongoing economic stimulus measures and a slight rate cut. Investors remain disappointed at China's handling of policy. Because there are few concrete measures

However, on Monday, 24 members of the committee of the Chinese Political Bureau opened the meeting, signaling a new push for post-COVID-19 economic recovery. Come back to the entrance again Especially businesses in the real estate sector. which plays an important role in China's economy after the meeting City committee members agree that Economic operations face new hardships and new challenges. A suitable and effective macro-economic regulation must be used. this meeting Chaired by President Xi Jinping, President Xi Jinping also called for timely efforts to expand domestic consumption and improve and maximize the real estate policy.

Source: Thai News Agency