BEIJING — China's parliament will hold a highly anticipated meeting Nov. 4 to 8, state media said Friday, according to a CNBC translation.
Investors have been awaiting news of the gathering of the standing committee of the National People's Congress, which is expected to announce details on any fiscal stimulus.
Last year, the committee's meeting in late October oversaw a rare increase in China's fiscal deficit to 3.8%, from 3%, which was subsequently reported by state media.
He pointed out that the last month of Chinese stimulus measures have all underscored the need for more fiscal support.
Analysts have tempered expectations that large-scale fiscal stimulus would directly pillar consumption, instead noting how struggling local governments would likely get support first.
Persons:
Bruce Pang, Finance Lan Fo'an, Xi Jinping, Pang
Organizations:
BEIJING —, CNBC, National People's Congress, China's, Finance, People's Bank of
Locations:
Beijing, BEIJING, China, JLL, People's Bank of China